The Growth Story of the 21st Century
The Economics and Opportunity of Climate Action
Book •
Nicholas Stern's book frames climate action as the central growth story of this century, arguing that investments in clean energy, infrastructure, human and natural capital can deliver prosperity while reducing emissions.
It outlines six drivers of growth—cheaper clean technologies, economies of scale, efficiency gains (including AI), systems thinking for cities and infrastructure, health improvements, and large investment flows—while emphasizing adaptation and equitable development.
Stern presents policy and institutional changes needed to mobilize finance and coordinate large-scale transformation across countries.
The book is grounded in economics and offers rejoinders to common arguments against climate action, aiming to be both optimistic about possibility and cautionary about missed opportunities.
It is published open-access by LSE Press and intended for broad policy and academic audiences.
It outlines six drivers of growth—cheaper clean technologies, economies of scale, efficiency gains (including AI), systems thinking for cities and infrastructure, health improvements, and large investment flows—while emphasizing adaptation and equitable development.
Stern presents policy and institutional changes needed to mobilize finance and coordinate large-scale transformation across countries.
The book is grounded in economics and offers rejoinders to common arguments against climate action, aiming to be both optimistic about possibility and cautionary about missed opportunities.
It is published open-access by LSE Press and intended for broad policy and academic audiences.
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David Sandalow
Nicholas Stern
AI, Energy and Climate: Economic Growth, Climate Change and AI: Lord Nicholas Stern and Dr. Mattia Romani
