Stern (2018) is noted for focusing on which aspect of climate economics?

• A. It argues for minimal government intervention.
• B. It denies long-term risks.
• C. It advocates delaying action.
• D. It focuses on policy and ethics in economics.

Answer: (D)

Climate economics, in Stern’s view, is about turning analysis into action while asking who benefits and who bears the costs. In 2018, Stern is noted for foregrounding policy design and ethical considerations—how governments should shape interventions, which tools actually work (carbon pricing, regulation, subsidies), and how to think about fairness and responsibility across generations and nations. This lens shows that the most important focus is on how to implement effective climate policy within ethical bounds, not just on abstract economic optimizations. The other ideas describe approaches Stern argues against—minimal intervention, denying long-term risks, or delaying action—so they don’t capture the emphasis as well as the policy-and-ethics framing.