Nicholas Stern News
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Just how great are today’s great investors? We might not know, not yet, because they’ve become great in a great time for investing.
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Investors in carbon-intensive business could see $6 trillion wasted as policies limiting global warming stop them from exploiting their coal, oil and gas reserves, according to a report.
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Bloomberg BNA — Global political leaders have the best opportunity yet in 2013 to adopt bold solutions that globally address climate change, a leading British economist said April 2.
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China will have a cap-and-trade system to limit its emissions by about 2015 as the world’s biggest polluter takes a lead role in developing clean energy, London School of Economics professor Nicholas Stern said.
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China’s rising carbon dioxide emissions must return to today’s level by 2030 if warming since pre-industrial times is to be kept to 2 degrees Celsius (3.6 degrees Fahrenheit), London School of Economics professor Nicholas Stern said.
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Countries that fail to adapt their economies to “cleaner” technologies are likely to lose export markets to those that do, said Nicholas Stern , former chief adviser on climate change to the U.K. government.
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China is taking the lead in a new industrial revolution that will curb greenhouse gases, said Nicholas Stern , the London School of Economics professor who wrote the U.K. government report on the costs of cutting pollution.
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The U.K. appointed Nicholas Stern, a former World Bank chief economist, to counsel the government on setting up a planned Green Investment Bank to expand industries that promote economic growth while curbing climate change.
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Global climate talks should aim this year to reach a political agreement, with details of a treaty to be negotiated later, said London School of Economics professor Nicholas Stern .
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U.S. Treasury Secretary Timothy F. Geithner said China needs to continue to allow its currency to gain, adding that the world’s second-largest economy is “very supportive” of the Group of 20 nations’ framework on reducing global imbalances.
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