Sir Nicholas Stern claimed that climate change is the 'greatest and widest ranging market failure ever seen'.

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Sir Nicholas Stern, in his influential 2006 report on the economics of climate change (often referred to as the Stern Review), described climate change as the "greatest and widest-ranging market failure ever seen," highlighting the significant economic and social costs associated with greenhouse gas emissions that are not accounted for in market transactions.

Sir Nicholas Stern Claimed That Climate Change Is the 'Greatest