Nicholas Stern

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Nicholas Stern (2000)

Nicholas Herbert Stern, Baron Stern of Brentford CH (born April 22, 1946 in London ) is a British economist . He is currently a professor at the London School of Economics and advises the UK government on economic issues.

Origin, education and academic career

His father, the carpenter Adalbert Stern (1917 in Themar - 1992 in Davos), had left Thuringia in January 1939 after his mother Selma had moved to Julius Moses in Berlin, Bundesratufer 9 - as did his older half-sister Elli Bär with Artur Plaut. Picked up in St Albans near London in the summer of 1940 , he traveled to Sydney on the HMT Dunera . Back from internment, he married Marion Fatima Swann (1921-1993), the daughter of Naguime Sultan Pistzoff and sister of Donald Ibrahim Swann . Nicholas' siblings include Richard D. Stern, who was Vice President of the World Bank until 2000.

Nicholas Stern studied mathematics at Cambridge University and economics at Oxford University , where he received his PhD in Philosophiae Doctor in 1972 . He then worked for over 20 years as an economics professor at various universities: from 1970 to 1977 at Cambridge University, from 1978 to 1987 at Warwick University and from 1986 to 1993 at the London School of Economics .

Nicholas Stern is married and has three children.

Time at the EBRD and the World Bank

From 1994 to 1999 he was chief economist at the European Bank for Reconstruction and Development . In his work he was mainly concerned with economic growth and development. Thanks to him and his colleague at the time, Horst Köhler , the bank gained a high reputation among financial experts. During this time he also wrote some books on Kenya and the Green Revolution in India .

From 2000 to 2003 he was chief economist at the World Bank .

Theses on climate change

→ Main article: Stern report

On October 30, 2006, Nicholas Stern published the Stern Report , in which he examined the economic consequences of future climate change . The report was requested in July 2005 by the UK government, specifically Chancellor of the Exchequer Gordon Brown , and was intended to cover the economic aspects of climate change, the challenges it poses to the economy and how to address them, both in the UK and around the world .

His key messages in the report are that quick action must be taken to stop global warming , as the economic costs of climate change would be much higher than the economic losses that swift action would cause today. According to Stern, spending on research into technologies to reduce greenhouse gas emissions needs to be doubled and both rich and poor countries work together to halt climate change.

The CO 2 content of the air should be kept below 550 parts per million equivalent parts by the year 2050 (2015: approx. 400 ppm, before industrialization approx. 280 ppm). Then we could just learn to live with the consequences of a further 2-3 degrees global warming. According to his model, we would immediately have to spend around 1 percent of our gross national product on this. These costs would be far lower than the damage to be expected from drought, floods, wind, heat or cold and the global migrations that this would trigger. However, slowing down the CO 2 increase process would require a 60–80 percent reduction in CO 2 emissions for our developed economies . We couldn't take the risk and hope for a technological solution such as a “CO 2 vacuum cleaner”. The positive effects of reforestation are also very important . In any case, the governments would have to drastically increase the price of CO 2 emissions by means of taxes and quotas in order to eliminate the “catastrophic market error” that CO 2 emissions currently cost almost nothing.

In 2009, Stern spoke out in favor of avoiding meat for reasons of climate protection.

Member of the House of Lords

On December 10, 2007 he was raised as a Life Peer to the Baron Stern of Brentford , of Elsted in the County of West Sussex and of Wimbledon in the London Borough of Merton, and has been a member of the House of Lords since then . In parliament he is a member of the Crossbencher group.

Honors

Publications

  • The Economics of Climate Change: The Stern Review . Cambridge University Press, Cambridge u. a. 2007, ISBN 0-521-70080-9 .
  • The Global Deal: How to Counter Climate Change and Create a New Age of Growth and Prosperity . Beck, Munich 2009, ISBN 3-406-59176-0 (English: The Global Deal: Climate Change and the Creation of a New Era of Progress and Prosperity . 2009. Translated by Martin Richter).
  • Nicholas Stern: Why Are We Waiting ?: The Logic, Urgency, and Promise of Tackling Climate Change . MIT Press, Cambridge and London 2015, ISBN 978-0-262-02918-6 .

Web links

Commons : Nicholas Stern  - collection of images, videos and audio files

Individual evidence

  1. ↑ File: ThemarStolpersteinMarkt8SternSelma.jpg
  2. ↑ File: ThemarStolpersteinMarkt8PlautElli.jpg
  3. ↑ File: ThemarStolpersteinMarkt8PlautArtur.jpg
  4. ↑ https://collections.ushmm.org/oh_findingaids/RG-50.150.0030_sum_en.pdf
  5. ↑ https://web.archive.org/web/20160916195035/https://s3-us-west-2.amazonaws.com/themar/2010/08/ShowImage.asp_.jpeg
  6. ^ Marquis Who's Who, 1990 ; P. 1042
  7. ↑ https://www.findagrave.com/memorial/191522949/naguime-swann
  8. ↑ Current Biography Yearbook, Volume 31, p. 410
  9. ^ Herbert Swann: Home on the Neva ; 1968
  10. ↑ https://oralhistory.worldbank.org/person/stern-richard-d
  11. ↑ https://www.theguardian.com/business/2000/mar/17/3
  12. ↑ Robin Pagnamenta: Climate chief Lord Stern: Give up meat to save the planet , in: Times Online of October 27, 2009, accessed on January 14, 2010
  13. ↑ Nadine Michel: TU Berlin honors climate change economist honorary doctor star , in: die tageszeitung online (taz.de) from November 4, 2009, accessed on November 4, 2009
  14. ^ Leontief Prize for Advancing the Frontiers of Economic Thought. ase.tufts.edu, accessed October 12, 2015 .
personal data
SURNAME Stern, Nicholas
ALTERNATIVE NAMES Stern, Nicholas Herbert, Baron Stern of Brentford
BRIEF DESCRIPTION British economist
DATE OF BIRTH April 22, 1946
PLACE OF BIRTH London