Stern Warning

Summary


So far the government has made a lot of noise about global warming and the urgency with which we must act, and yet has in some cases pursued policies which are contradictory to reducing carbon emissions. For his first three years in office the Chancellor continued with the 'fuel duty escalator' introduced by Ken Clarke with the express object of cutting carbon emissions.

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Stern Warning

On Monday the debate over climate change enters a new phase. Sir Nicholas Stern, who heads the Government Economic Service, will publish his review of the economics of climate change, which was commissioned by the Chancellor in July 2005. At last the debate on the environment will shift definitively towards the real choice...

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