the stern review on the economics of climate change was hailed as a wake up call for the impact our present approach has on the environment and criticised many traditional methods of "internalising the externality" such as taxes. You can listen to the lecture and see the powerpoint presentation at the link below:
http://www.manchester.ac.uk/medialibrary/sirnicholasstern/
the full report is available from:
Stern Review on the economics of climate change
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