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Submission + - Britain's Costliest Mistake? (theregister.co.uk) 2

RoccamOccam writes: Five years after UK passage of the 2008 Climate Change Act, the chief proponent of the act, Nick Stern, has responded to "A Review of the Stern Review". The "Stern Review" was a massive economic assessment that helped convince Parliament that climate mitigation measures would be worth the cost.

The result was quite possibly the most expensive legislation ever passed by Parliament. However, it appears that Stern’s analysis may have been deeply flawed.

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Britain's Costliest Mistake?

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Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I'm down to mine and it hasn't. -- Robert Orben

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