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Nicholas Stern made a Lord

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Professor Nicholas Stern has been appointed to the House of Lords as a non-party-political peer it was announced today (Thursday 18 October).

Nicholas Stern is the IG Patel Professor of Economics and Government at the London School of Economics and head of the India Observatory| based in LSE's Asia Research Centre, which was launched at the School earlier this week (Monday 15 October) with a major public debate.

Professor Lord Stern is an internationally distinguished economist and was previously the head of the Government Economic Service and adviser to Her Majesty's Government on the economics of climate change and development. He led the Stern Review of the Economics of Climate Change, which focussed on the likely economic consequences of climate change for current and future generations. Prior to this he was chief economist at the EBRD and at the World Bank, and from 1986-93 was professor (then Sir John Hicks Professor) of economics at LSE. He will sit on the crossbenches in the Upper House.

Howard Davies, Director of LSE, said: 'I am delighted that Nicholas Stern has been elevated to the peerage for his work.'

Nicolas Stern said: 'I am delighted to have the opportunity to make a contribution and am sure that my background and experience at LSE will be of help in this.'

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Contact: Jess Winterstein, LSE Press Office, on 020 7107 5025 or email j.winterstein@lse.ac.uk|

For media enquiries about the work of the House of Lords Appointments Commission, contact Maggie O'Boyle on 07880 740627.

Press Cuttings

Guardian (19 October)
Peerage for climate change economist
Sir Nicholas Stern, who led the government's review of the economic impact of climate change, is to be made a life peer. The London School of Economics professor, who argued in the Stern Report that money spent now to reduce carbon emissions would bring dividends on a huge scale, will attend the Lords as a non-party-political crossbencher.

18 October 2007

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