The Stern Review

Paper commissioned by the government of the United Kingdom on the effects on the global economy of climate change in the next 50 years. It was coordinated by World Bank economist, Sir Nicholas Stern, and published on October 30, 2006. One of the main conclusions of the report is that the spending to stabilize the emission of greenhouse gases into the atmosphere would be equivalent to 1% of the world’s GDP by 2050.

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Parties

Refer to the countries that are part of a convention. These can be individual countries or economic blocs, such as the European Union.

Fossil fuels

Fuels such as oil, natural gas, and mineral coal – fossilized plant residues – that are buried in the Earth's crust and reached their present state through chemical reactions over long periods of time. They are produced by the continuous decomposition of organic...

Reforestation

It is the conversion, directly induced by humans, of unforested land into forested land through planting, sowing and/or human-induced promotion of natural seed sources, in an area that has been forested but converted into non-forested land. For the first commitment...