Nicholas Herbert Stern: “More investment and innovation against climate change”

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A prominent British economist has been awarded an honorary degree from an Italian Catholic university.

Nicholas Herbert Stern, who wrote the first report on the economics of climate change in 2006, received the honor from the Catholic University of the Sacred Heart in Milan on Friday, the Telegraph reports.

"Stern's work represents a point of reference, from which to draw inspiration, for the University and for the Faculty due to its ability to combine the quality of scientific rigor in the analysis and ethical tension on topics of the highest value for the man and our common home," the university said in a statement.

Stern, who is also the director of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, said he was "deeply honored" by the award.

The university's rector said that Stern's work had "drawn attention to ethical issues connected with global warming for a long time neglected, if not omitted, by academia and institutions," so that "today they represent a priority element on the agenda of many governments around the world."

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