Discount rates, ethical conundrums, and compromising on climate policy

James Murray
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New paper aims to calculate a value for discount rates to ensure economic models assessing climate impacts reflect ongoing ethical debates about climate action

Is a bird in the hand worth two in the bush? Is money now really always more preferable to money later? Or, to put it another way, how much value do you place on the health and prosperity of future generations?...

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James Murray
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