To safeguard the interest of future generations, studies done by the proponents of the precautionary approach to

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To safeguard the interest of future generations, studies done by the proponents of ‘the precautionary approach to GW (such as, Cline and the Stern Report) strongly advocate the use of a discount rate that is very close to zero.

However, a very highly regarded British economist, Sir Partha Dasgupta, pointed out that the use of an almost zero (in the case of the Stern Report,

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Principles Of Environmental Economics And Sustainability

ISBN: 9780415676915

3rd Edition

Authors: Ahmed Hussen

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Question Posted: Feb 16, 2024 02:00 AM

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To safeguard the interest of future generations, studies done by the proponents of the precautionary approach to

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a zero rate discount rate is inappropriate He argues that it would result in intergenerational unfai...View the full answer

Principles Of Environmental Economics And Sustainability

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