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.
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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The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available below.
by Ben Hecht. Living Cities is working with five US municipalities to develop an ecosystem for solving urban problems.
by Clayton M. Christensen, Shuman Talukdar, Richard Alton, and Michael B. Horn. Unless clean tech follows well-established rules of innovation and commercialization, the industry’s promise to provide sustainable sources of energy will fail.