February 14, 2007Press Release

The Economies of Climate Change: Findings From the Stern Review

WHAT: The Economies of Climate Change: Findings from the Stern ReviewMs. Lorraine Hamid, featured speaker

Michael Best & Friedrich LLP and the Wisconsin Department of Natural Resources present a briefing on one of the most talked about issues of our time: global warming and its economic impact

Ms. Hamid’s briefing is open to the public, however seating is limited.

WHERE: U.S. Bank Building

1 South Pinckney Street, Lower Level Conference Room

Madison, WI

WHEN: Friday, February 23, 2007 at 10:00 a.m.

CONTACT: Chris Schellpfeffer


Milwaukee, WI (February 14, 2007) – The effects of climate change on the environment have been greatly researched, but what about the effects of global warming on the economy? Ms. Lorraine Hamid, Senior Economist for Energy Markets and Policy Instruments, Her Majesty’s Treasury and contributor to the United Kingdom’s “Stern Review on the Economics of Climate Change, will address the public Friday, February 23 about the findings from the report, authored by the former head economist of World Bank, Sir Nicholas Stern.

Ms. Hamid will highlight the report’s findings on:

· Current trends and average temperatures

· Connecting the economy to ecology

· Scenarios if emissions continue to grow

· Total cost to the global economy

· How tackling climate change can be a pro-growth strategy

· Cost of action now versus in the future

· What a stabilized carbon power sector looks like

· Potential for future markets for low-carbon energy products

Ms. Hamid’s briefing will also discuss the importance of having an international vision of long-term goals and frameworks for reaching these objectives. If these goals are not met, the report states it could allow for climate change to result in costs similar to the combined effect of the 20th century’s two World Wars and the Great Depression. These results will be difficult, if not impossible to reverse, according to the Report.

The entire Stern Report can be viewed at

Sponsored by Michael Best & Friedrich LLP, the Nelson Institute for Environmental Studies at UW-Madison and the Wisconsin Department of Natural Resources.

About Michael Best

Founded in 1848, Michael Best has earned its reputation as a leading Midwestern law firm. The firm has more than 300 attorneys in six office locations, including Milwaukee, Madison, Waukesha and Manitowoc, Wisconsin; Chicago, Illinois and Lehigh Valley, Pennsylvania. The firm provides a full range of legal services to clients on a local, regional, national and global basis in areas including: general corporate, health care, labor & employment, land & resources (environmental and real estate), litigation, tax, and wealth planning.

Michael Best is the exclusive Wisconsin member of Lex Mundi, the world’s leading association of independent law firms. Visit for more information.


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