Ghent University honors Lord Nicholas Stern with institutional honorary doctorate on Thursday 16 May

On Thursday 16 May, Ghent University will award an institutional honorary doctorate to Lord Nicholas Stern. Before the ceremony Lord Stern also participates in a panel discussion with climate experts.

On Thursday 16 May 2019, rector Rik Van de Walle will be presenting an institutional honorary doctorate to Lord Nicholas Stern in the Aula at 17:30, in the name of Ghent University and the Faculty of Economics and Business Administration, with the latter celebrating her 50th anniversary.

Prior to the ceremony, Lord Stern will take part in a panel discussion from 14:30 pm to 15:45 in the Quetelet auditorium (Tweekerkenstraat 1), including Jos Delbeke (honorary director-general for the climate of the European Commission) and Jean-Pascal van Ypersele (president of the energy and climate working group for the Belgian federal government).

Professor Lord Nicholas Stern

Nicholas Stern has made a major contribution as an economist-scientist in the fight against climate change and is the author of a number of very important reports, including the Stern Review, in which he describes the economic costs of a business-as-usual scenario (without CO2 reductions) ) Lord Stern thus made a major contribution in the context of sustainability, one of the strategic policy themes of the university. By awarding him an institutional honorary doctorate, the Faculty of Economics and Business and Ghent University want to emphasize the importance of sustainability.

Lord Stern has achieved important social achievements with a significant impact on the climate debate

  • Chief Economist of the European Bank for Reconstruction and Development (1994-1999) and Chief Economist of the World Bank (2000-2003).
  • Advisor to the British government since 2003-2007 (H.M. Treasury), where he led a group that worked on climate change and published the Stern Review Report on the Economics of Climate Change in 2006.
  • As advisor, he has played an important role in recognizing climate change as an economic problem ("climate change is the greatest and widest-ranging market failure ever seen"). Stern argues for the introduction of a carbon price to limit the economic and social damage caused by climate change. Insights from this work later led to the creation of the EU Emissions Trading Scheme, and also had an impact on international climate negotiations.
  • He also wrote "The Global Deal: Climate Change and the Creation of a New Era of Progress and Prosperity" in 2009.

As an academic, Lord Stern has an extensive career.

  • Student at Oxford and Cambridge University
  • Currently a professor at the London School of Economics and Political Science, where he leads the Grantham Research Institute on Climate Change and the Environment.
  • He is also a Fellow Fellow at the British Academy (where he was also President from 2013 to 2017) and Foreign Honorary Member of the American Economic Association.
  • According to Ideas / Repec, he is also one of the top 1000 economists of all time in terms of scientific output.

Practical information

  • Panel discussion, 16 May, 14:30-15:45, auditorium Quetelet, Tweekerkenstraat 1
  • Ceremony, 16 May, 17:30, Aula, Voldersstraat 9

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