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Stern report

The Stern report - or the Stern Review on the Economics of Climate Change - is a 700-page report, written by economist Sir Nicholas Stern for the UK government, and published in October 2006. It discusses the effect of climate change and global warming on the world economy and concludes that global warming could shrink the global economy by 20%, but that immediate action to combat it effectively would cost just 1% of global gross domestic product.

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