1.6 ‘The Stern Review on the Economics of Climate Change’

Published in October 2006, ‘The Stern Review on the Economics of Climate Change’ was the most comprehensive review ever carried out on the economics of climate change. It was led by Lord Stern, then Head of the Government Economic Service and former World Bank Chief Economist. The Climate Change Programme was also published in 2006 and set out policies and priorities for action in the UK and internationally. The Climate Change and Sustainable Energy Act 2006 placed an obligation on the Department for Environment, Food and Rural Affairs (Defra) to report to Parliament on UK GHG emissions and action taken by Government to reduce them.