How to value a grandchild

ONE month after Sir Nicholas Stern published his review of the economics of climate change, his peers have had time to say what they think of his work. And the answer, it seems, is: not a lot.

Sir Nicholas, the head of the British government’s economic service, concluded that the potential costs of climate change were so large, and the costs of shifting away from fossil fuels so relatively modest, that the world should take urgent action.

Those who disagree with that analysis and prescription fall into three main camps.

economist