Nicholas Stern

Nicholas Stern (born 1946) is a distinguished British economist and one of the leading voices on climate change and economic policy. Born in London, Stern has had a distinguished academic and professional career. He served as the World Bank’s Chief Economist and was appointed as the London School of Economics' IG Patel Professor of Economics. Stern is best known for authoring the Stern Review on the Economics of Climate Change in 2006, which highlighted the economic risks of climate inaction and called for urgent investment in sustainable solutions.

As a proponent of sustainable development, Stern has consistently emphasized the economic benefits of addressing climate change, arguing that the costs of inaction far outweigh the costs of mitigation. His work has shaped global discussions on environmental economics and influenced policy makers and institutions worldwide. Stern has been involved in numerous international efforts, including advising the UK government on climate change policy, and his ideas have made him one of the most influential figures in the intersection of economics and environmental policy.

One of Stern's notable quotes is, "The cost of inaction is far greater than the cost of action," emphasizing his belief in the economic value of addressing climate change early. Another key quote is, "Climate change is the greatest market failure the world has seen," highlighting his view that unmitigated climate change poses an existential risk to the global economy. Stern’s work continues to inspire policy makers and economists alike, urging immediate action to create a sustainable and resilient future.