Bernhard Harms Prize 2021

Lord Stern is Professor of Economics and Government at the London School of Economics (LSE) and became known primarily for quantifying the economic consequences of climate change. The study made international headlines as the "Stern Report" and today forms the basis of climate economic instruments such as a pricing of CO2. The work of Lord Nicholas Stern is considered a milestone in climate economics.

According to the jury, Lord Stern is an outstanding global pioneer in the debate about the economic costs of climate change. His groundbreaking studies, his clear view of the fundamental connections between ecology and economy, and his courage and perseverance in critical debates on the economic consequences of climate change have made him a shining beacon in environmental economics. It is not least thanks to his work that efficient economic incentives such as CO2 pricing are playing an increasingly important role in today's political debate on effective measures to limit CO2 emissions.