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Part One: Presentation of the Stern Review
Introduction
Ernesto Zedillo, Director, Yale Center for the Study of Globalization
Chapter 1: Findings of the Stern Review on the Economics of Climate Change
Sir Nicholas Stern, UK Government
Why Bother About Climate Change?
The Economics of Climate Change
Analytical Framework of the Stern Review
Policy Issues
Conclusion
Chapter 2: PAGE Modeling System
Chris Hope, University of Cambridge
Chapter 3: Question and Answer
Question & Answer
Chapter 4: Closing Remarks
J. Gustave Speth, Dean, Yale School of Forestry and Environmental Studies
Part Two: Comments on the Stern Review
Chapter 5: William Nordhaus, Yale University
Opposite Ends of the Globe
Areas of Agreement and Disagreement
Review, Reproducibility, and Modeling
The Discounting Controversy
Economic Modeling With Low Discount Rates
Summary Verdict
Chapter 6: William Cline, Peterson Institute for International Economics
My Earlier Results
The Discount Rate
How Rapidly Does Marginal Utility Drop Off?
When to Act?
Conclusion
Chapter 7: Gary Yohe, Wesleyan University
Gary Yohe
Chapter 8: Robert Mendelsohn, Yale University
Robert Mendelsohn
Chapter 9: Scott Barrett, Johns Hopkins University, Paul H. Nitze School of Advanced International Studies
Scott Barrett
Chapter 10: Jeffrey Sachs, Columbia University
Jeffrey Sachs
Chapter 11: Reaction to the Panelists: Sir Nicholas Stern
The Role of Integrated Assessment Models in Policy Analysis
Ethics
Alternative Strategies and the Structure of Risks
Social Costs of Carbon and Radical Policy
"Political Constraints" and Peer Review
Additional Points
Conclusions
Response to Scott Barrett and Jeffrey Sachs
Chapter 12: Panelist Responses
Panelist Responses
Chapter 13: Final Comments
Final Comments
Chapter 14: Concluding Remarks
Ernesto Zedillo
Copyright
2007 Yale Center for the
Study of Globalization
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