On 30 October 2006 the World Bank’s chief economist Nicolas Stern presented an expert’s report in London. The paper dealt with the economic consequences of global warming and was commissioned by the British government. Stern’s conclusion: In the long run, the rise in global temperature will cost the international community around five percent of its economic power annually, currently about 2.35 trillion Euros. Stern did not argue the issue of climate protection from an ethical standpoint, but from an economic one. He made clear that the costs of eliminating the damages caused by climate change would be higher for all those involved than possible investments today in prevention. Economic savvy is therefore enough in itself to become involved in combating climate change. The issue of climate change is not an issue from a specific political mind-set and is not confined to the degree of attention that one is willing to devote to the observation of global warming.Given the horrendous costs to be expected, the economist’s proposal rests on two pillars: Firstly, those should pay who continue to emit carbon dioxide, and namely in the proportionate measure that can be expected as the consequential cost of getting rid of environmental damages. Secondly, the global community must invest now in climate protection, specifically one percent of its current economic performance – that’s 470 million Euros. Stern does not see anything economically negative in these expenditures. Through these necessary investments thousands of jobs would be created that are indeed as sustainable as the efforts made for climate protection.