Lord Nicholas Stern: The 2013 Stephen Schneider Award (12/11/13)

Published: Dec. 14, 2013, 1:02 a.m.

b'"I don\'t think there\'s any right to emit, I think there\'s a right to development," said former World Bank chief economist Lord Nicholas Stern, a professor at the London School of Economics. \\u201cTo emit is to damage \\u2013 I don\\u2019t see that there\'s a right to damage.\\u201d Stern spoke about the economics of climate change, alternative energies, the carbon bubble and the growing global population before accepting the 2013 Stephen Schneider Award for Outstanding Climate Science Communication. Few people have impacted the discussion of the economics of carbon pollution more than Stern, who authored the highly influential 2006 \\u201cStern Review,\\u201d which concluded that the costs of inaction were far greater than the costs of action when it comes to climate change. \\u201cHaving no policy of any serious strength on climate change is essentially to do nothing about the biggest market distortion, the biggest market failure the world has ever seen,\\u201d he said. The $10,000 Stephen Schneider Award is given every year in memory of the late Stanford researcher Stephen H. Schneider, a founding father of modern climate science. The award recognizes people that create new understanding in the physical and social sciences, and communicate to a broad public. Lord Nicholas Stern, former World Bank Chief Economist, Professor of Economics, London School of Economics This program was recorded in front of a live audience at The Commonwealth Club of California on December 11, 2013\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'