Climate crisis: economists ‘grossly undervalue young lives’, warns Stern

Climate crisis: economists ‘grossly undervalue young lives’, warns Stern

Economists have failed to take account of ‘immense risks and potential loss of life’, says author of landmark review

Many economic assessments of the climate crisis “grossly undervalue the lives of young people and future generations”, Prof Nicholas Stern warned on Tuesday, before the Cop26 climate summit in Glasgow.

Economists have failed to take account of the “immense risks and potential loss of life” that could occur as a result of the climate crisis, he said, as well as badly underestimating the speed at which the costs of clean technologies, such as solar and wind energy, have fallen.

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