Harvey marks Stern anniversary, argues capitalism has not shifted
1 Oct 28 · 11d ago · 2 articles · 4 posts · 3 sources · development 1 of 1
On the 20th anniversary of the Stern review, Guardian environment editor Fiona Harvey publishes commentary arguing that while Stern's economic case for climate action is now accepted among economists, mainstream capitalism has failed to act on it. She argues the fundamental insight—that future generations have as much right to be born as current ones—remains unincorporated into decision-making.
“The radical Stern report showed that a low-carbon future is also good economics. But it seems that capitalism needs a reminder.”
Fiona Harvey
Nicholas Stern Economist; World Bank chief economist; adviser to Gordon BrownWilliam Nordhaus Yale economist; prior standard-setter for climate economics
Fiona Harvey Environment editor, The Guardian
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3 outlets The climate crisis will destroy our economies – we learned this 20 years ago. When will we act?
first by Mastodon, 11d ago · also Guardian Environment, Guardian Business
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- The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? | Fiona Harvey Guardian Environment · 11d ago
What people said 6 voices · verbatim
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This week marks 20 years since the Stern review of the economics of climate change. It marked a massive moment in reckoning with the climate crisis. But many economists still have not caught up.
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Saving the only planet we have makes good economic sense. There is, after all, no money to be made on a dead Earth. # climateChange # climateCatastrophe # climateEmergency # climateBreakdown # tippingPoint https://www. theguardian.com/commentisfree/ 2026/oct/28/nicholas-stern-report-climate-consensus-lessons-capitalism
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"If we are to have a thriving future economy, as well as a living planet and robust human societies, we need a new system of economics that values these things." Well said @fionaharvey.bsky.social in @theguardian.com
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"... Stern report showed that a low-carbon future is also good economics ... Saving the only planet we have makes good economic sense. There is, after all, no money to be made on a dead Earth" by Fiona Harvey - environmental editor at the Guardian https://www. theguardian.com/commentisfree/…
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# ClimateCrisis # capitalism "The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? The radical Stern report showed that a low-carbon future is also good economics. But it seems that capitalism needs a reminder. Saving the only planet we have makes good economic sense. There is, after all, no money to be…
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In 2006, Nicholas Stern said that applying a discount rate where the climate is concerned is a gross distortion – effectively, it means future lives are assigned less value # GlobalCarbonFeeAndDividendPetition https://www. theguardian.com/commentisfree/ 2026/oct/28/nicholas-stern-report-climate-consensus-lessons-capitalism
All 1 developments of Stern Report's 20-year legacy: Climate economics still… →
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