A Blueprint for a Safer Planet : How to Manage Climate Change and Create a New Era of Progress and Prosperity Hardback
Further substantial climate change is unavoidable and the risks to the natural world, the economy and our everyday lives are immense.
The way we live in the next thirty years - how we invest, use energy, organise transport and treat forests - will determine whether these risks become realities.
Although poor countries - the least responsible for climate change - will be hit earliest and hardest, all countries must adapt to the effects: hurricanes and storms strike New Orleans and Mumbai; flooding causes devastation in England and Mozambique; droughts occur in Australia and Darfur; and sea level rise will affect Florida and Bangladesh.
Lord Stern, author of the "Stern Review on the Economics of Climate Change" and former Chief Economist at the World Bank, is the world's leading authority on what we can do in the face of such unprecedented threat.
Action on climate change will require the greatest possible international collaboration, but if successful will ensure not just our future, but our future prosperity. Focusing on the economic management of investment and growth from the perspective of both adaptation and mitigation, Stern confronts the most urgent questions facing us now: what is the problem; what are the dangers; what can be done to reduce emissions, at what cost; how can the world adapt; and, what does all this mean for corporations, governments and individuals. "A Blueprint for a Safer Planet" provides authoritative, inspirational, and hopeful, answers.
- Format: Hardback
- Pages: 256 pages
- Publisher: Vintage Publishing
- Publication Date: 02/04/2009
- Category: Global warming
- ISBN: 9781847920379
- EPUB from £9.99
Showing 1 - 2 of 2 reviews.
Review by sien
A Blueprint for a Safer Planet is Nicholas Stern's book that put forwards what Stern thinks should be done to combat Anthropogenic Global Warming (AGW). Stern is an important figure in AGW economics because he was selected to write an economic case to justify the policies that the Blair / Brown government wished to follow. His Stern Review was similar to Australia's Garnaut Review.Stern, who only started to study AGW economics in 2005, made a number of contributions to climate change economics. Previous studies had put the alleged damage from AGW at a about of 5% of GDP. Stern managed to get it to start at 5% and go to a maximum of 20% damage to GDP. Other economists who had been studying climate change for up to a decade had also used discount rates that had been traditionally used for long term economic calculations of 2% to 10%. Stern instead constructed an innovative 'social discount rate' that was only 0.01%. This was very innovative in that he had a discount rate, if he had used zero his report would have been immediately questioned, but by using something that was effectively zero he could make abatement appear as a better option. Partha Disgupta has called Stern's discount rate "patently absurd" as it would imply a savings rate of 97.5% compared to the observed rate of around 15%.So the book was expected to attempt to justify some of Stern's assumptions and to put forward the case as to why AGW should be addressed with huge sums of money.Stern accepts all the IPCC figures and starts from there. He spends fairly little time on looking at the IPCC's results. He does mention the 'deniers' but doesn't look at any of their arguments. He doesn't mention Lindzen, Spencer, Christy or any of the better known skeptics and states that the loudest skeptics are not scientists. This is in contrast to Al Gore.Stern uses a table of probability of parts per million against the likelihood of a particular rise in temperature as his base for various scenarios and goes on to attempt to price how much achieving these levels of C02 would cost. Stern goes on to look at what reductions in C02 emissions can be made and how much things are likely to cost. Here Stern is defending the cost estimates that he made in his report that others termed very optimistic. Stern is an advocate of all the possible technologies including nuclear and Carbon Capture and Storage (CCS). This is a good thing. It is disappointing to see that countries that have large uranium reserves and whose current governments regard C02 emission reductions as crucial are excluding the technology that has already been used to reduce c02 emissions successfully while maintaining a high standard of living as demonstrated by France.The book also has something of a response to Stern's critics like Nordhaus and Richard Tol. Stern states that his discount rate is an ethical choice. He also pushes the argument that even if AGW has been exaggerated that doing something about is worthwhile just in case. He also frequently refers to his area of expertise that of attempting to reduce poverty in the developing world, in particular in Africa. He states that there is no choice involved in spending on money on either one of these goals and that instead both must be attempted. Stern does openly acknowledge that the largest emitters of greenhouse gases is China. Stern doesn't mention Lomborg but is apparently away of Lomborg's position and does state that spending money on dealing with the possible adverse consequences of AGW should also be attempted but that it is only a small part of a more costly solution.Stern does mention the figures that he says will be needed to be spent. He talks about 1-2% of GDP instead of mentioning the direct amounts of money of 0.5 to 1 trillion dollars per year. He also tends to talk in terms of the percent of GDP when assessing possible future damages so this isn't unreasonable and does mention direct figures of some factors of reduction cost directly.Stern isn't a bad writer and this isn't a bad book. It addresses some of the criticisms made against the Stern review by economists who have specialise in studying the economics of AGW. Stern keeps the book fairly brief and to the point. It's good to be able to read environmental forecasting books at this time. Reading books like The Population Bomb 40 years after their predictions have been shown to be wrong is one thing, reading the latest forecasts of environmental doom should also be done to see how the forecasts will fair in the future.
Review by updraught
The central message of this book targeted at the Copenhagen climate talks is that climate policy 'pays'. N. Stern essentially argues that markets are "effective, efficient and equitable" in dealing with mitigation and adaptation issues. I personally think the 'efficient' part is well substantiated in the book, if only in economical terms. The arguments for 'effective' and 'equitable' market mechanisms to me seem unconvincing.