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Economics of Climate Change

The Chancellor announced on 19 July 2005 that he had asked Sir Nicholas Stern to lead a major review of the economics of climate change, to understand more comprehensively the nature of the economic challenges and how they can be met, in the UK and globally.

The Terms of Reference for the review have now been announced and a call for evidence has also been issued.

The review will be taken forward jointly by the Cabinet Office and HM Treasury, and will report to the Prime Minister and Chancellor by Autumn 2006. It takes place within the context of existing national and international climate change policy.

Call for evidence
Sir Nicholas is today asking interested stakeholders in the UK and the rest of the world, including academic, private sector, scientific, NGO and other experts, to submit evidence to the Review.

Evidence on all areas relevant to the Terms of Reference will be welcomed.

The deadline for evidence to be submitted is 9 December 2005 and submissions should be sent to the review team at: callforevidence@sternreview.org.uk

The announcement of this Review does not affect the process for the Climate Change Programme Review, which has a shorter-term focus and which will report later this year.



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