There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earth's climate. A sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigorous and comprehensive analysis of the economic aspects of this crucial issue.

On the Brink? A Report on Climate Change and Its Impact in Kashmir documents the disappearance of many small glaciers from the region's mountains, the western Himalayas. The report warns that receding Himalayan glaciers could jeopardize water supplies for hundreds of millions of people. Other climate-related changes include rising sea levels that could threaten Indian cities such as Mumbai and Kolkata, more floods and droughts, more disease, and lower crop yields.

This book identifies how climate change policy uncertainty may affect investment behaviour in the power sector. For power companies, where capital stock is intensive and long-lived, those risks rank among the biggest and can create an incentive to delay investment. The analysis results show that the risk premiums of climate change uncertainty can add 40% of construction costs of the plant for power investors, and 10% of price surcharges for the electricity end-users. This book also tells what can be done in policy design to reduce these costs.