{"id":82480,"date":"2025-11-05T12:53:19","date_gmt":"2025-11-05T12:53:19","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=82480"},"modified":"2025-11-12T13:04:46","modified_gmt":"2025-11-12T13:04:46","slug":"the-growth-story-of-the-21st-century","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/","title":{"rendered":"The Growth Story of the 21st Century"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p><strong>The Economics and Opportunity of Climate Action<\/strong><\/p>\n\n\n\n<p>The world stands at a crossroads. The next decade will determine whether we avoid climate, biodiversity, and economic catastrophe &ndash; or unlock a new era of sustainable, resilient, and inclusive growth.&nbsp;<em>The Growth Story of the 21st Century<\/em>&nbsp;challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.<\/p>\n\n\n\n<p>Drawing on economics, finance, policy, politics, and behavioural science, Nicholas Stern explores why this transformation is essential, what it entails, and how we can achieve it. He revisits the insights of the Stern Review two decades on and sets out a new research agenda for economics and the social sciences.<\/p>\n\n\n\n<p>This is a story of optimism &ndash; about how rapid technological advances, including digitisation and AI, can drive change at scale. But it does not shy away from the immense challenges ahead. With clear and practical strategies for national and international action, this book is a call to leaders, businesses, and individuals alike: the future is in our hands, and delay is the riskiest option of all.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Stern, N. (2025)&nbsp;<em>The Growth Story of the 21st Century: The Economics and Opportunity of Climate Action<\/em>. London: LSE Press. Available at: https:\/\/doi.org\/10.31389\/lsepress.tgs.<\/strong><\/p>\n\n\n\n<p><a class=\"link link--external\" href=\"https:\/\/press.lse.ac.uk\/books\/m\/10.31389\/lsepress.tgs\" aria-describedby=\"link-description-new-window\" target=\"_blank\" rel=\"noopener\" title=\"\">Download this book for free from the LSE Press website&#65279;<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" role=\"img\" aria-hidden=\"true\"><path d=\"M14.42 1.04L3.2.7a.8.8 0 00-.8.76v.1a.8.8 0 00.76.7l9.39.3L.93 14.16c-.3.3-.3.8 0 1.1l.09.08c.3.23.73.2 1.01-.07L13.65 3.65l.29 9.4a.8.8 0 00.8.76.79.79 0 00.77-.8L15.17 1.8a.82.82 0 00-.75-.76z\" fill=\"#2e3152\"><\/path><\/svg><\/a><\/p>\n\n\n\n<p><\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This book challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.<\/p>\n\n","protected":false},"author":12,"featured_media":82481,"template":"","tags":[1920,4201,82,448,192,354,219,1139,899,1895],"publication-type":[238],"topic_area":[4710,4712,4713,4705,4707,4699],"class_list":["post-82480","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-ai","tag-biodiversity-loss","tag-climate-action","tag-economic-growth","tag-economics","tag-growth","tag-innovation","tag-investment","tag-sustainable-development","tag-sustainable-investment","publication-type-books","topic_area-public-finance","topic_area-central-banks-and-other-financial-institutions","topic_area-global-financial-system","topic_area-leadership","topic_area-sustainable-development","topic_area-biodiversity"],"acf":{"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["nicholas-stern"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"og:description\" content=\"This book challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/\" \/>\n<meta property=\"og:site_name\" content=\"Grantham Research Institute on climate change and the environment\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-12T13:04:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"398\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/\",\"name\":\"The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/The_Growth_Story_of_the_21st_Century.jpg\",\"datePublished\":\"2025-11-05T12:53:19+00:00\",\"dateModified\":\"2025-11-12T13:04:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/The_Growth_Story_of_the_21st_Century.jpg\",\"contentUrl\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/wp-content\\\/uploads\\\/2025\\\/11\\\/The_Growth_Story_of_the_21st_Century.jpg\",\"width\":398,\"height\":600,\"caption\":\"The Growth Story of the 21st Century book cover\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication\\\/the-growth-story-of-the-21st-century\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Publications\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?post_type=publication\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Book\",\"item\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/publication-type\\\/books\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"The Growth Story of the 21st Century\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/#website\",\"url\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/\",\"name\":\"Grantham Research Institute on climate change and the environment\",\"description\":\"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.lse.ac.uk\\\/granthaminstitute\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/","og_locale":"en_GB","og_type":"article","og_title":"The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment","og_description":"This book challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.","og_url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/","og_site_name":"Grantham Research Institute on climate change and the environment","article_modified_time":"2025-11-12T13:04:46+00:00","og_image":[{"width":398,"height":600,"url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/","name":"The Growth Story of the 21st Century - Grantham Research Institute on climate change and the environment","isPartOf":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/#primaryimage"},"image":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/#primaryimage"},"thumbnailUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg","datePublished":"2025-11-05T12:53:19+00:00","dateModified":"2025-11-12T13:04:46+00:00","breadcrumb":{"@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/#primaryimage","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg","contentUrl":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg","width":398,"height":600,"caption":"The Growth Story of the 21st Century book cover"},{"@type":"BreadcrumbList","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-growth-story-of-the-21st-century\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/"},{"@type":"ListItem","position":2,"name":"Publications","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication"},{"@type":"ListItem","position":3,"name":"Book","item":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication-type\/books\/"},{"@type":"ListItem","position":4,"name":"The Growth Story of the 21st Century"}]},{"@type":"WebSite","@id":"https:\/\/www.lse.ac.uk\/granthaminstitute\/#website","url":"https:\/\/www.lse.ac.uk\/granthaminstitute\/","name":"Grantham Research Institute on climate change and the environment","description":"The Grantham Research Institute at LSE carries out world-class research on climate change and the environment.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"}]}},"taxonomies":{"post_tag":["AI","biodiversity loss","climate action","economic growth","economics","growth","innovation","investment","sustainable development","sustainable investment"],"publication-type":["Book"],"topic_area":["Public finance","Central banks and other financial institutions","Global financial system","Leadership","Sustainable development","Biodiversity"]},"featured_image_src":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2025\/11\/The_Growth_Story_of_the_21st_Century.jpg","_links":{"self":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication"}],"about":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/types\/publication"}],"author":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/users\/12"}],"version-history":[{"count":1,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82480\/revisions"}],"predecessor-version":[{"id":82482,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication\/82480\/revisions\/82482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media\/82481"}],"wp:attachment":[{"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/media?parent=82480"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/tags?post=82480"},{"taxonomy":"publication-type","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/publication-type?post=82480"},{"taxonomy":"topic_area","embeddable":true,"href":"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-json\/wp\/v2\/topic_area?post=82480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}