Five Stars for the Stern Report

WorldChanging has a splendid review of the Stern Report, giving it an unequivocable thumbs-up. It also pulls out a subtle but important facet: the report's ethics.

Actually, it's important to underscore that the ethics in this report are mostly not arcane -- even though those arcane aspects reflect, I think, a tectonic shift in economics that the Stern Review is helping to solidify. Climate change is forcing economists to think differently. In fact, I think climate change will one day be credited with having knocked some sense into the discipline of economics.

As I've noted many times on this blog, this kind of change is needed in order to understand and appreciate justly all the commons, not just that of the world's atmostphere.