Discounting the Benefits of Climate Change Policies Using Uncertain Rates
Data(s) |
01/01/2002
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Resumo |
Evaluating environmental policies, such as the mitigation of greenhouse gases, frequently requires balancing near-term mitigation costs against long-term environmental benefits. Conventional approaches to valuing such investments hold interest rates constant, but the authors contend that there is a real degree of uncertainty in future interest rates. This leads to a higher valuation of future benefits relative to conventional methods that ignore interest rate uncertainty. |
Formato |
15 - 20 |
Identificador |
Resources, 2002, (146), pp. 15 - 20 0048-7376 |
Publicador |
Washington, D.C. Resources for the Future, Inc. |
Relação |
Resources |
Tipo |
Journal Article |