Stern Review
At about the same time of the release of the House of Lords report, the UK Government launched the Stern Review, an inquiry undertaken by the HM Treasury and headed by Lord Stern of Brentford. According to the "Stern Review", published in 2006, the potential costs of climate change far exceed the costs of a programme to stabilise the climate. Lawson's lecture to the Centre for Policy Studies think-tank, published 1 November 2006 criticises the Stern Review and proposed what is described as a rational approach, advocating adaptation to changes in global climate, rather than attempting mitigation, i.e., reducing greenhouse gas emissions.