OECD Secretary-General Angel Gurría has welcomed the publication this week of the Stern Review to the UK government on the economic consequences of climate change. The report was compiled by Sir Nicholas Stern, former chief economist at the World Bank.
“The report is a necessary reminder that acting now is imperative to confront the many problems which will flow from climate change. I strongly endorse the major direction of the report that argues that the benefits of early action far outweigh the costs,” said Mr Gurría. He congratulated both Prime Minister Tony Blair and the Chancellor of the Exchequer Gordon Brown for commissioning the Study, as well as for sharing it with the world’s public opinion.
He added: “Many of the recommendations proposed by Sir Nicholas Stern are in line with propositions that the OECD has been putting to its member governments for many years, in particular, more market-based solutions to deal with carbon emissions.”
See full Press Release.
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