(a) Consider the choice between paying $10 million today to reduce emissions that cause climate change or...
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(a) Consider the choice between paying $10 million today to reduce emissions that cause climate change or $1 billion in 100 years to adapt to a changing climate. What would the discount rate have to be in order for these two choices to be equal?
(b) Using that same discount rate, what would be your preference if the expense was in 50 years instead of 100?
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