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The Growth Story of the 21st Century

The Economics and Opportunity of Climate Action

Nicholas Stern

$80.95

Paperback

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English
LSE Press
05 November 2025
The world stands at a crossroads. The next decade will determine whether we avoid climate, biodiversity, and economic catastrophe - or unlock a new era of sustainable, resilient, and inclusive growth. The Growth Story of the 21st Century challenges the outdated idea that we must choose between climate action and development. Instead, it presents a compelling case for a transformation that delivers both prosperity and a healthier planet.

Drawing on economics, finance, policy, politics, and behavioural science, Nicholas Stern explores why this transformation is essential, what it entails, and how we can achieve it. He revisits the insights of the Stern Review two decades on and sets out a new research agenda for economics and the social sciences.

This is a story of optimism - about how rapid technological advances, including digitisation and AI, can drive change at scale. But it does not shy away from the immense challenges ahead. With clear and practical strategies for national and international action, this book is a call to leaders, businesses, and individuals alike: the future is in our hands, and delay is the riskiest option of all.
By:  
Imprint:   LSE Press
Country of Publication:   United Kingdom
ISBN:   9781911712473
ISBN 10:   1911712470
Pages:   558
Publication Date:  
Audience:   Adult education ,  Professional and scholarly ,  College/higher education ,  Tertiary & Higher Education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Nicholas Stern is IG Patel Professor of Economics and Government, Chair of the Grantham Research Institute on Climate Change and the Environment, Chair of the Global School of Sustainability at the London School of Economics and Political Science (LSE). He has held posts at other UK and overseas universities, and as Chief Economist at both the EBRD and the World Bank. He was Head, UK Government Economic Service (2003-2007), and produced the Stern Review on the economics of climate change. He was President of the Royal Economic Society (2018-2019). He was President of the British Academy (July 2013-2017) and was elected Fellow of the Royal Society (June 2014). He was knighted for services to economics (2004), made a life peer (2007), and appointed Companion of Honour for services to economics, international relations and tackling climate change in 2017. He has published more than 15 books and 100 articles. ORCID: 0009-0006-3863-5361

Reviews for The Growth Story of the 21st Century: The Economics and Opportunity of Climate Action

""Nick Stern is an internationally acclaimed development economist who has become the leading figure in climate economics. This book combines rigorous analysis with a positive and optimistic prospectus for action on climate change."" - Rt Hon Sir Vincent Cable, Former UK Cabinet Minister and Party Leader, Professor in Practice, LSE ""Our only chance for serious climate action is for policy makers to see it not as a cost and a shackle on their economies, but as an opportunity to devise a more direct, as well as more sustainable, path to prosperity. No-one has made this case more fully and more convincingly than Nick Stern. This is a book that should be on the desk of every policy maker."" - Dani Rodrik, Professor of International Political Economy, the John F. Kennedy School of Government, Harvard University ""A comprehensive analysis of the economics of climate change from one of the world's most compelling advocates for action. At a critical moment and combining academic rigour with policy practicality, Nick Stern shows how innovation, investment and international cooperation can create a sustainable future for all."" - Baroness Minouche Shafik, House of Lords and former President, LSE ""As the world order becomes world disorder and the climate and biodiversity crises deepen, we are lucky that Nick Stern has delivered this tour de force, a convincing call for action. His message is at the same time sobering and optimistic. Yes, the risks remain immense and must not be ignored. But yes, Nick tells us, the right responses to these crises are available and can also deliver a new, fair and sustainable growth story."" - Arminio Fraga, Investor and Board Member, re.green and former President of the Central Bank of Brazil ""Twenty years after the Stern Review (2006), Nick Stern offers an updated view of a sustainable development model for the 21st century, A must-read!"" - Thomas Piketty, author of Capital in the Twenty-First Century and Professor of Economics, School for Advanced Studies in the Social Sciences (EHESS) ""Nicholas Stern once again provides the intellectual depth and rigorous analysis to inform sound policy and global action on development and climate. The Growth Story of the 21st Century is a compelling and optimistic roadmap for transforming our economies to respond to the urgent challenges of climate change while fostering sustainable, inclusive, and resilient growth. Drawing on his unparalleled expertise across economics, policy, and international development, Stern convincingly demonstrates that climate action and growth are not competing agendas but mutually reinforcing imperatives."" - Mahmoud Mohieldin, Development and International Finance Economist and the UN Special Envoy on Financing Sustainable Development


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