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A closer look at India's economic challengesIn the lead up to India's elections, Ruth Kattumuri speaks to France 24 about India's economy.https://youtu.be/q2RtRzBIZvE Climate change could lead to greatest market failure ever: Nicholas SternClimate economist Nicholas Stern said he had understated the risks of climate change and the case for taking action in his landmark 2006 report titled the Stern Review on the Economics of Climate Change that said climate change could lead to the greatest market failure ever.Stern, who has been tracking the impact of the latest climate science on economics, said the consequences have been far more devastating than he thought. https://www.hindustantimes.com/environment/climate-change-could-lead-to-greatest-market-failure-ever-nicholas-stern/story-oS6cyIVNP1v92jot5Q9hyO.html India continues on its remarkable economic growth journeyThe Indian economy is still performing well, with foreign investment and looser regulations driving significant growth in the country. However, low living standards and a host of socioeconomic issues are impeding its ascension to ‘developed’ market status.https://www.worldfinance.com/markets/india-continues-on-its-remarkable-economic-growth-journey Climate Change’s Giant Impact on the Economy: 4 Key IssuesCertain types of efforts to reduce carbon emissions or adapt to climate impacts are likely to generate similar benefits, says Nicholas Stern.https://www.nytimes.com/2019/01/17/upshot/how-to-think-about-the-costs-of-climate-change.html Palanpur, a fascinating story of income growth, social changePalanpur is a relatively unknown small village in Moradabad district of Uttar Pradesh. However, it has a special place in development economics because of a research project that has stretched over seven decades. Economists have conducted seven detailed surveys of Palanpur since the 1950s, a rare longitudinal database that shows how the village has changed over three generations.https://www.livemint.com/Opinion/ltVMhFyDHKRjEdpXzmTPKI/Palanpur-a-fascinating-story-of-income-growth-social-chang.html Immediate fossil fuel phaseout could arrest climate change – studyNicholas Stern said: “We are rapidly approaching the end of the age of fossil fuels. This study confirms that all new energy infrastructure must be sustainable from now on if we are to avoid locking in commitments to emissions that would lead to the world exceeding the goals of the Paris agreement.”https://www.theguardian.com/environment/2019/jan/15/immediate-fossil-fuel-phaseout-could-arrest-climate-change-study Why Pakistan IMF bailout talks matter to India'Pakistan’s perennial dependence on foreign funds has meant that it is dependent on external donors to stabilize its economy. A 2012 research paper by former IMF advisors Ehtisham Ahmad and Azizali Mohammed, says that years of financial assistance by the US and US-aligned multilateral institutions have left no incentive for Pakistan to introduce structural reforms.'https://www.livemint.com/Politics/6EFjxcj6pmChl98DaOWoWK/Why-Pakistan-IMF-bailout-talks-matter-to-India.html We must reduce greenhouse gas emissions to net zero or face more floods'The authoritative new report by the Intergovernmental Panel on Climate Change sets the world a clear target: we must reduce emissions of greenhouse gases to net zero by the middle of this century to have a reasonable chance of limiting global warming to 1.5C. Every government should read this report and recognise the clear choice we now have.' Nicholas Stern.https://www.theguardian.com/environment/2018/oct/08/we-must-reduce-greenhouse-gas-emissions-to-net-zero-or-face-more-floods Climate Alliance: The state of California seeks to work with China to step up climate protection'Stern added that an important lesson other countries can learn from China is that an emission increase is not necessary for development'http://www.bjreview.com/World/201809/t20180921_800142244.html Bringing transparency to state-business interactions for trade policyDr Amrita Saha has written a blog article related to her PhD research for which she received the International Economic Research Award (IERA) from the Export-Import Bank of India.http://www.ids.ac.uk/3F0F6730-96F8-11E8-8F8200155D0A0208 Exim Bank Announces the Winner of IERA AwardDr Amrita Saha, LSE India Observatory Visiting Fellow, has received the International Economic Research Award (IERA) from the Export-Import Bank of India in recognition of her PhD research. The award was first instituted in 1989 with the objective to promote research in international economics, trade, development and finance by Indian nationals at universities and academic institutions in India and abroad. Amrita was in Delhi for a ceremony where she received the award on 9th August and the Bank has published two outputs based on her PhD research.http://sticerd.lse.ac.uk/textonly/india/research/outputs/SahaEximIERAaward2017.pdf Nicholas Stern - How Lives ChangeCan we really measure social mobility and changing life circumstances? Nicholas Stern, with his co-authors Himanshu and Peter Lanjouw, sought to answer key questions about development economics in a 70 year study of Indian village Palanpur. They documented it in their book How Lives Change, and Stern is here to share his experience of using a real-life 'laboratory' to chart discoveries about human development. Chaired by journalist and broadcaster Liz Leonard.https://www.edbookfest.co.uk/the-festival/whats-on/nicholas-stern-12007 Emissions trading suddenly back on Labor’s and global agendaInterestingly the idea of emissions trading or a tax on carbon emissions has suddenly reared its head both in Australia and in the United Kingdom.http://econews.com.au/58349/emissions-trading-suddenly-back-on-labors-and-global-agenda/ Polluter pays: How can governments build public support for carbon taxes?Study co-authored by Lord Stern argues governments should focus on building public support for strong carbon pricing, rather than limiting themselves to economic arguments.https://www.businessgreen.com/bg/news-analysis/3036766/polluter-pays-how-can-governments-build-public-support-for-carbon-taxes The rich can survive on a polluted planet, the poor cannot — a carbon tax is the great equalizerNicholas Stern has argued that a carbon price should be set high, at around $40-80 per ton of carbon dioxide by 2020, and $50-100 by 2030 to deliver the goals of the Paris Agreement. Without a carbon price, the economy responds to powerful interests at the expense of building a cleaner world for everyone.http://thehill.com/opinion/energy-environment/398650-the-rich-can-survive-on-a-polluted-planet-the-poor-cannot-a-carbon Lord Stern confirmed as the new President of the Royal Economic SocietyEarlier this year Lord Nicholas Stern was named as President of the Royal Economic Society for 2018/19, "It is a great honour to be elected as President of the Royal Economic Society. The Society dates back nearly 130 years and plays an important role in supporting the work of economists and promoting economics in the UK and around the world."http://www.res.org.uk/details/news/10944510/Lord-Stern-and-Rachel-Griffith-confirmed-as-the-new-President-and-President-elec.html Climate change will force us to redefine economic growthLast Friday, Pope Francis called for nothing less than "a financial paradigm shift" in order to tackle climate change. His comments, made at a conference hosted by the Vatican and uniting business people, policy-makers of different stripes, indigenous leaders, academics and young people, could not be more timely: humanity is at a turning point.https://www.weforum.org/agenda/2018/07/here-are-the-economic-reasons-to-act-on-climate-change-immediately Lecture on Sustainable Infrastructure at AIIB Annual MeetingLord Stern spoke at a lecture discussing the future and importance of sustainable infrastructure at the AIIB’s third Annual Meeting in Mumbai.https://www.aiib.org/en/news-events/events/annual-meeting/program/detail/lecture-infrastructure.html Roundtable for Sustainable Cities Strategy at AIIB Annual MeetingLord Stern participated in a roundtable on 'Sustainable Cities Strategy' at AIIB’s third Annual Meeting in Mumbai. The objective of AIIB Roundtable for Sustainable Cities Strategy is a close-door consultation with stakeholders on the Bank’s preparation of Sustainable Cities Strategy, focusing on how AIIB could better support infrastructure development of cities in Asia.https://www.aiib.org/en/news-events/events/annual-meeting/program/detail/sustainable-cities-strategy.html Nicholas Stern: Robust policy and good governance crucialFormer World Bank Chief Economist Nicholas Stern on Monday said the next 20 years will be decisive in the world history and there is need to have “robust policy” and “good governance” to provide clear and convincing signals.https://indianexpress.com/article/business/economy/nicholas-stern-robust-policy-and-good-governance-crucial-5233442/ Lord Nicholas Stern Delivers Annual Fulbright Distinguished LectureOn 8th June 2018, Professor Lord Nicholas Stern delivered the 8th Annual Fulbright Distinguished Lecture titled ‘The Best of Centuries or the Worst of Centuries: Leadership, Governance and Cohesion in an Interdependent World' at Pembroke College Oxford.http://www.pmb.ox.ac.uk/news/lord-nicholas-stern-delivers-annual-fulbright-distinguished-lecture Fulbright Legacy Lecture Series 2018 - Professor Lord Nicholas SternProfessor Lord Nicholas Stern presented his essay, 'The Best of Centuries or the Worst of Centuries: Leadership, Governance and Cohesion in an Interdependent World' for the 2018 Fulbright Legacy Lecture Series.http://www.fulbright.org.uk/news/fulbright-legacy-lecture-series-2018-professor-lord-nicholas-stern The Swansea Bay tidal power lagoon would bring many benefitsIn a letter to the Guardian Nick Stern says that the government should make their economic analysis of the costs of the Swansea Bay tidal lagoon available for scrutiny.https://www.theguardian.com/environment/2018/jun/10/the-swansea-bay-tidal-power-lagoon-would-bring-many-benefits Green economy now worth as much as fossil fuel sectorFTSE Russell found that if the sustainable economy maintained its current course, it could represent 7% of the global market capitalisation by 2030, even reaching 10% with $90 trillion in green investment – a target called for by UK economist Nicholas Stern in 2016.http://www.climatechangenews.com/2018/06/05/green-economy-now-worth-much-fossil-fuel-sector/ Cross-disciplinary Researcher from LSE visiting University of PortsmouthDr Ruth Kattumuri is an editor of the book 'Governance and governed: multi-country perspectives on state, society and development' which she will discuss at the University of Portsmouth on 29th May 2018.https://researchandinnovationportsmouth.com/2018/05/09/cross-disciplinary-researcher-from-lse-visiting-uop/ |
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