Nicholas Stern, economist: Degrowth is a diversion and a conspiracy against the developing world'
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Nicholas Stern, economist: Degrowth is a diversion and a conspiracy against the developing world'
"The cost of inaction is much greater than the cost of action. We now see that temperatures are increasing faster than we thought, and the consequences are worse than we anticipated."
"The investments we needed to make to combat climate change were very good investments for the economy. That's a growth story. And my new book is about making the growth story happen."
"The cost of action has gone down, because the technology has moved faster than we anticipated. This creates a unique opportunity for economic growth through climate action."
Lord Nicholas Stern emphasizes that the cost of inaction on climate change has increased while the cost of action has decreased due to technological advancements. His 2006 analysis remains valid and even stronger today, highlighting that investments in climate action are beneficial for the economy. Stern's latest book focuses on transforming climate action into a growth opportunity, addressing market failures caused by greenhouse gas emissions and advocating for proactive measures to combat climate change.
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