Nicholas Stern
British economist and bankerWikipedia
17
MENTIONS
10
EPISODES
9
PODCASTS
Search complete. 17 mentions across 10 episodes found for "Nicholas Stern".
Oct 5, 2026
Peter HainGUEST
But dwarfing everything, as I mentioned earlier, is the climate emergency.
Peter HainGUEST
And I always remember being a member of the cabinet, sitting around the cabinet table in 2006, I think it was, and Nicholas Stern, now Lord Stern, came to brief us with his report commissioned by Gordon Brown on climate change.
Peter HainGUEST
And he said something that's stuck in my mind ever since and has been proved so true.
Peter HainGUEST
He said, "The costs of doing something about this are enormous to stem it, to mitigate it.
Pavan SukhdevSOUNDBITE_SPEAKER
I began my life as a markets professional and continued to take an interest, but most of my recent effort has been looking at the value of what comes to human beings from nature, which doesn't get priced by markets.
Pavan SukhdevSOUNDBITE_SPEAKER
A project called TEEB was started in 2007, and it was launched by a group of environment ministers of the G8 plus five, and their basic inspiration was the Stern Review of Lord Stern.
Pavan SukhdevSOUNDBITE_SPEAKER
They asked themselves the question, if economics could make such a convincing case for early action on climate change, well, why can't the same be done for conservation? Why can't an equivalent case be made for nature? And the answer is, yeah, it can, but it's not that straightforward.
Pavan SukhdevSOUNDBITE_SPEAKER
Biodiversity, the living fabric of this planet, is not a gas.
Pavan SukhdevSOUNDBITE_SPEAKER
It exists in many layers, ecosystems, species and genes, across many scales, international, national, local, community.
Pavan SukhdevSOUNDBITE_SPEAKER
And doing for nature what Lord Stern and his team did for climate is not that easy.
Pavan SukhdevSOUNDBITE_SPEAKER
And yet, we began.
Pavan SukhdevSOUNDBITE_SPEAKER
We began the project with an interim report, which quickly pulled together a lot of information that had been collected on the subject by many, many researchers.
Mariana MazzucatoGUEST
Well, let's define what living well means.
Mariana MazzucatoGUEST
Around climate issues, because that is no longer an option unless we actually adapt and mitigate, we're going to have to bear the consequences and the cost of that is much greater than investing now, as Nick Stern told us more than 10 years ago.
Mariana MazzucatoGUEST
So the bond markets need to be explained what the public investment and private sector investment strategy is.
Mariana MazzucatoGUEST
Until we do that, then we're always going to be in this vicious cycle of just worried about fiscal rules, which then backfire because they're not actually thinking about long-term sustainability in terms of future growth.
Robert PestonHOST
But in Britain and America, political leaders make the case for more green investment at their peril, even after the hideously baking summer we've all experienced.
Robert PestonHOST
So how to make net zero fashionable again? How to persuade voters that reducing CO2 emissions will actually make them richer and improve the quality of their, our lives? That's been the lifelong mission of Nick Stern, probably the most distinguished economist in this field.
Robert PestonHOST
So is green investment the growth story of this century, as his book claims? Let's find out.
Steph McGovernHOST
Support for this episode of The Rest is Money comes from Octopus Energy.
39 MINS LATER
Robert PestonHOST
Yeah, of course.
Nick SternGUEST
And that's what they need, and that's why these things are linked.
Robert PestonHOST
Nick, there's tons more I need to talk to you about, but let's go for a quick break first.
Robert PestonHOST
[upbeat music]
Al GoreGUEST
But I would also point this out.
Al GoreGUEST
You know, Nick Stern, for whom I have a tremendous amount of respect, one of the leading economists in the world at LSE, he and his colleagues published a very influential study just recently coming as a result of AI being applied to the development of new approaches to efficiency and the elimination of energy waste.
Al GoreGUEST
I think that his prediction of six to 9% declines in emissions per year Nick, he has the reputation to warrant that confidence.
Al GoreGUEST
I think
Anna ValeroGUEST
We need diffusion throughout the economy, and that's where policy and politics really come into it.
Anna ValeroGUEST
So briefly, just to kind of summarize the opportunity, I mean, I've been very lucky to work with Nick Stern.
Anna ValeroGUEST
We wrote a paper together setting out the role of innovation and sustainable growth.
Anna ValeroGUEST
Since then, he wrote a new book on the growth story of the 21st century.
Nick SternHOST
So thank you all for coming.
Nick SternHOST
My name is Nick Stern.
Nick SternHOST
I'm Professor Economics here at LSE.
Nick SternHOST
And I want to welcome you all on behalf of Environment Week.
11 MINS LATER
Nick SternHOST
So first four speakers, then interaction amongst ourselves, then questions.
Nick SternHOST
So Amaldi, please.
Amali AminGUEST
Thank you very much and absolutely always a pleasure and honor to be introduced by Nick Stern who has really created a huge movement if you like really about how Climate sustainability is really the growth agenda.
Amali AminGUEST
And I think as we look ahead to COP32, what we've already seen over the last two or three years, there's been a couple of African climate summits last year and Last year in Ethiopia, the year before in Nairobi.
David SuzukiGUEST
I interviewed him for The Nature of Things, and I said, "Wow, this guy really gets it." And I came out and said, "If this guy ever comes, goes into politics, I support him." And I think he's done a, a, a great job on the international level, but he is locked into the s- he's a banker.
David SuzukiGUEST
And, you know, we brought Sir Nick Stern here when he published the big paper showing the cost of dealing with climate change, that the cost of actually putting money into reducing the threat of climate change was four times less than the ultimate cost of not doing anything, which would be to a 20% hit on the economy.
David SuzukiGUEST
And, uh, but even Nick Stern, we brought him here to talk to The Globe and Mail and, uh, all of the national outlets, and he believes that steady growth is still possible if we do the right thing, and I think Carney still feels the same way.
David SuzukiGUEST
Growth is not possible on a finite planet, and the growth of the private sector is what's driving us on this destructive path.
David SuzukiGUEST
So these guys, you know, who are, are corporate heads and all that, their job is to make money.
Nick SternMODERATOR
So thank you all for coming.
Nick SternMODERATOR
My name is Nick Stern.
Nick SternMODERATOR
I'm Professor Economics here at LSE.
Nick SternMODERATOR
And I want to welcome you all on behalf of Environment Week.
11 MINS LATER
Nick SternMODERATOR
So first four speakers, then interaction amongst ourselves, then questions.
Nick SternMODERATOR
So Amaldi, please.
Amalie AminGUEST
Thank you very much and absolutely always a pleasure and honor to be introduced by Nick Stern who has really created a huge movement if you like really about how Climate sustainability is really the growth agenda.
Amalie AminGUEST
And I think as we look ahead to COP32, what we've already seen over the last two or three years, there's been a couple of African climate summits last year and Last year in Ethiopia, the year before in Nairobi.
Jeremy OppenheimGUEST
Number two, you know, I had... taken a year's sabbatical from McKinsey in 2013-14 to head up something called the New Climate Economy Project, which is very much about rethinking modern economics and applying modern economics to the way in which one could shape growth pathways for economies around the world.
Jeremy OppenheimGUEST
And this was at the invitation of Nick Stern and a whole series of the great and good.
Jeremy OppenheimGUEST
I worked on that project in a very, if you will, kind of multi-stakeholder commission way.
Jeremy OppenheimGUEST
We created this global commission on the economy and climate, and everybody and their brother was involved.