suggests that a technological revolution towards green changes is needed to mitigate climate change.

Lord Stern noted in an interview that to prevent wide-scale relocations due to global warming, cities and governments must adapt a technological revolution soon.

 "Emissions have been increasing faster than we anticipated then, and some of the effects are coming through faster than we thought," Lord Stern said to the Sydney Morning Herald, talking about the continuous shrinking of Arctic Ice and the acidification of oceans worldwide.

Lord Stern also explained that the recent reports made by the Intergovernmental Panel on Climate Change (IPCC) were comprehensive, however, the panel failed to include other climate change possibilities including the release of high amounts of methane from the melting Artic permafrost.

Lord Stern remarked that he is updating the report he submitted to the U.K government this year. The report will be included in the United Nation's study on New Climate Economy, a study that evaluates the ways in which existing technologies could be made more environment-friendly.

This report will be presented to the UN General Assembly and will be used to convince governments to start planning for their respective countries' technological revolution. Stern argued in the SMH that shifting to a greener technology will pave the path for a "cleaner, quieter, safer, more community-based, and more bio-diverse" than the one that we are currently taking.

Similarly, the IPCC report publicized by the Fairfax Media, stated that investment flows for 2010-2029 will be heavily affected by these climate change mitigating techniques. Industries involving fossil-fuels, such as power plants, will be required to drop at least $30 billion in operations in order to meet the baseline requirements set to control emissions. By contrast, investment in renewable energies should be increased by as much as $147 billion a year.