The 2010 BBVA Foundation Frontiers of Knowledge Award in Climate Change has been granted to Nicholas Stern. “Professor Nicholas Stern’s pioneering 2006 report shaped and focused the discourse on the economics of climate change.
His seminal report, ‘The Economics of Climate Change: The Stern Review‘ built on the current understanding of the physical climate system, applying advanced economic analysis to quantify the impacts and costs of climate change. The integrated framework he developed provides a unique and robust basis for decision-making.
The report’s conclusion that unmitigated climate change would result in risks and economic burdens that far outweighed the cost of measures to reduce greenhouse gas emissions fundamentally changed the international climate change debate and stimulated action.
Professor Stern’s long-standing research and dedication to improving the economic welfare of developing countries has made him a world leader in promoting measures to assist emerging economies align their development and climate policies.”