The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? | Fiona Harvey

The Guardian reports the following. ENC is republishing it as an attributed briefing, not as independently confirmed fact. If this item is false or incomplete, the responsibility sits with The Guardian, which released it. 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 made on a dead Earth. There may be costs involved now, but they are worth paying to protect our children from certain destruction. These propositions seem self-evident now. But two decades ago, mainstream economists had very different ideas. They had proved that the climate crisis would be a mere economic blip, easily absorbed by growing economies and therefore not worth spending money on. In their accounting, they considered ice caps and glaciers functionally worthless, that trees only add to GDP when they are cut down, and that a livable climate shouldn’t even merit a l… Original link: https://www.theguardian.com/commentisfree/2026/oct/28/nicholas-stern-report-climate-consensus-lessons-capitalism