Lionel Robbins Memorial Lectures 2012
Climate Change and the New Industrial Revolution
Overview: Five years on from the Stern Review there have been important changes in the world which are likely to have a profound impact on our response to the two defining challenges of the century, overcoming poverty and managing climate change. Lord Stern will discuss how we can bring economics and political economy to the analysis of our response to these challenges in the context of a special but difficult decade in the global economy. The analysis of climate change has seen risk and the new-energy-industrial revolution move up the agenda in recent years, and we have learned more about prospects and mechanisms of collaboration. We require a deepening of the understanding of public policy for promoting the dynamics of transformation and managing immense risks. This should include a strong focus on key market failures. Lord Stern will outline the attractiveness of the new energy-industrial revolution and of low-carbon growth and will discuss how we can build the necessary national and international action to respond to the two defining challenges.
About the Speaker: Lord Stern is IG Patel Professor of Economics and Government at the London School of Economics, heading the India Observatory within the LSE's Asia Research Centre, and Chairman of LSE’s Grantham Research Institute on Climate Change and the Environment. From 2005-2007 he was adviser to the UK Government on the Economics of Climate Change and Development, and Head of the Stern Review on the Economics of Climate Change.
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