The ‘polluter pays’ principle is the commonly accepted practice that those who produce pollution should bear the costs of managing... Read more
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Nicholas Stern on Green Investment bank idea: "...there are strong arguments for a Green Investment Bank that can provide a public-private partnership to share risk and foster innovation. Read more
Abstract In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation... Read more
Abstract In this essay I discuss the role of cooperation in the process of innovation. I argue for a reorientation... Read more
Abstract The employment effect of climate policy has emerged as an important concern of policy makers, not least in the... Read more
The Grantham Research Institute has been awarded the prestigious platinum award for its Green Impact sustainability programme. Green Impact is a nationally run programme led by the National Union of Students (NUS), which assesses university departments’ actions to reduce their environmental impact and promote sustainability among staff and students. Read more
What is meant by ‘stock’ and ‘flow’? Economists often describe climate change as a ‘stock-flow’ problem. This refers to the fact that... Read more
Responding to the announcements today by 10 Downing Street about the new Cabinet, Professor Sam Fankhauser, Co-Director of the Grantham... Read more
Nicholas Stern argues that the risks and costs of climate change are worse than estimated in the landmark Stern Review in 2006—and far worse than implied by standard economic models. Read more
