Nicholas Stern
Nicholas Stern is IG Patel professor at the London School of Economics and Political Science. He is author of the Stern Report on the Economics of Climate Change, former head of the UK’s Government Economic Service, and former chief economist of the World Bank.
9 March 2009
Many people, myself included, argue that in order to pull world economies out of a deep recession, we need a large fiscal stimulus—on the order of $2 trillion, or 4 percent of global GDP. A significant part of this stimulus should be directed toward green investment. But we need to act now.
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