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July 09, 2020 Thursday 11:13:06 PM IST

Professor Nicholas Stern awarded 2020 SIEPR Prize

Leadership Instincts

Professor Nicholas Stern, Chair of LSE’s Grantham Research Institute on Climate and the Environment, is this year’s recipient of the prestigious SIEPR Prize. He will receive the award during a virtual event recognising his work and influence on 7 October 2020. The Stanford Institute for Economic Policy Research (SIEPR) gives the award every two years to a scholar or policymaker who has deeply influenced economic policy. This year is also the first time the prize has been awarded to a recipient from outside of the USA. 

With the 2006 publication of the 700-page Stern Review on the Economics of Climate Change, Stern made a compelling case for calling out climate change as the world’s greatest and widest-ranging market failure. The work found that significantly cutting carbon pollution would cost just 1 percent of global GDP, while doing nothing would cost the world up to 20 percent of its GDP. The report held several policy prescriptions, including carbon pricing, support for low-carbon technologies, and improved energy efficiency.

Professor Stern is the IG Patel Professor of Economics and Government at LSE and leads the School’s India Observatory and GRI. Outside of LSE he has served as president of the British Academy, between 2013 and 2017, and was elected a Fellow of the Royal Society in 2014.

(Content Courtesy: http://www.lse.ac.uk/News/Latest-news-from-LSE/2020/g-July-20/Professor-Nicholas-Stern-awarded-2020-SIEPR-Prize)