A road map agreed to by industrialized countries at a 2007 summit in Bali, Indonesia, suggests that industrialized countries to reduce their emissions by between 25% and 40% by 2020. Mr. Stern does not believe the USA can meet those aggressive targets. President Obama's goal is to return U.S. emissions to their 1990 levels by 2020 and his budget proposal calls for reducing U.S. emissions roughly 80% below 2005 levels by 2050.
Stern is a graduate of Dartmouth College (1973) and has a J.D. from Harvard Law School. (WSJ, 3/4/09)