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Climate crisis will wreck economies, warn commentators citing Stern report
Original: The climate crisis will destroy our economies – we learned this 20 years ago. When will we act?
Twenty years after the landmark Stern review concluded that unchecked climate change would inflict severe economic damage while a low-carbon transition would cost far less, Guardian environment editor Fiona Harvey argues the warning still goes unheeded. She writes that the radical report showed good climate policy is also good economics, and that capitalism apparently needs a reminder of those findings today.
Why now: The 20th anniversary of the Stern report has prompted reflection on why its economic warnings were not acted upon.
Fiona HarveyThe GuardianStern reportNicholas Stern
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- The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? · The Guardian
The radical Stern report showed that a low-carbon future is also good economics. But it seems that capitalism needs a reminder, says Fiona Harvey, an environment editor at the Guardian
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