ABSTRACT
It is now a number of years since a comprehensive report on the economics of climate change concluded that, in terms of policy proposals to stabilise the stock of greenhouse gases, such as carbon dioxide, in the global atmosphere: ‘the benefits of strong and early action far outweigh the economic costs of not acting’ (Stern et al., 2006, p. xiii). These conclusions should
also be viewed in the context of mounting evidence from the Intergovernmental Panel on Climate Change (e.g. IPCC, 2007), which has continued to build the scientific foundations that underpin concern about climate change.
