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Intergenerational Equity Social Discount Rates And Global Warming
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Book Synopsis Discounting and Intergenerational Equity by : Paul R. Portney
Download or read book Discounting and Intergenerational Equity written by Paul R. Portney and published by Routledge. This book was released on 2013-10-18 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.
Book Synopsis Discounting and Intergenerational Equity by : Paul R. Portney
Download or read book Discounting and Intergenerational Equity written by Paul R. Portney and published by Routledge. This book was released on 2013-10-18 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.
Author :National Academies of Sciences, Engineering, and Medicine Publisher :National Academies Press ISBN 13 :0309454204 Total Pages :281 pages Book Rating :4.3/5 (94 download)
Book Synopsis Valuing Climate Damages by : National Academies of Sciences, Engineering, and Medicine
Download or read book Valuing Climate Damages written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-06-23 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.
Book Synopsis Man-Made Climate Change by : Olav Hohmeyer
Download or read book Man-Made Climate Change written by Olav Hohmeyer and published by Physica. This book was released on 1999 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Kyoto conference of the parties on the United Nations Framework Convention on Climate Change once again underscored, man-made climate change has become one of the major challenges to our generation and many generations to come. Since scientific evidence on climate change can be seen as increasingly reliable, the focus of our attention has to turn more and more to the question of foreseeable damages and to possibilities to prevent and mitigate climate change. In other words, we need to analyse the economic aspects of man marle climate change and the policy options to prevent its most severe impacts. This book reports on the findings of an international workshop on these aspects of global climate change. It was organised by the Centre for European Economic Research (ZEW) in Mannheim, Germany on March 6th and 7th 1997. In the light of the ongoing international policy-making process on climate change, we decided to publish the report after the Kyoto conference from December Ist to 10th, 1997, to include the results of the conference, which emphasise the importance of economic aspects and economic policy options when it comes to addressing the problern of man-made climate change. Thus, this book went to press in February 1998 the moment we received the official version of the Kyoto Protocol, which is reproduced in the annex.
Book Synopsis Discounting for Time and Risk in Energy Policy by : Robert C. Lind
Download or read book Discounting for Time and Risk in Energy Policy written by Robert C. Lind and published by Routledge. This book was released on 2013-10-18 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.
Book Synopsis In Fairness to Future Generations by : Edith Brown Weiss
Download or read book In Fairness to Future Generations written by Edith Brown Weiss and published by Hotei Publishing. This book was released on 1988 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Professor Weiss combines thorough research and careful analysis with imaginative solutions and a moral fervour, to show how rules of international law can be applied in an intertemporal dimension, and how the basic principles of the intergenerational equity can be developed to provide new standards for human behaviour. She manages to communicate to the reader not only that the situation is getting desperate but also that human intelligence can in time devise adequate remedies, without destroying completely our way of life.
Download or read book Climate Justice written by Henry Shue and published by Oxford University Press, USA. This book was released on 2014 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is the most difficult threat facing humanity this century and negotiations to reach international agreement have so far foundered on deep issues of justice. Providing provocative and imaginative answers to key questions of justice, informed by political insight and scientific understanding, this book offers a new way forward.
Book Synopsis Climate Justice by : S. M. Ravi Kanbur
Download or read book Climate Justice written by S. M. Ravi Kanbur and published by . This book was released on 2019 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate justice requires sharing the burdens and benefits of climate change and its resolution equitably and fairly. This book brings together economic and philosophical discourse on climate justice in order to support public policy dialogue on the topic.
Book Synopsis Pricing the Planet's Future by : Christian Gollier
Download or read book Pricing the Planet's Future written by Christian Gollier and published by Princeton University Press. This book was released on 2013 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, the judge, the citizen, the politician, and the entrepreneur are concerned with the sustainability of our development.
Book Synopsis The Social Discount Rate by : Humberto Lopez
Download or read book The Social Discount Rate written by Humberto Lopez and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is argued that if the recent track record in terms of growth in the region is indicative of future performance, estimates of the social discount rate would be in the 3-4 percent range. However, to the extent that the region improves on its past performance, the social discount rate to be used in the evaluation of projects would increase to the 5-7 percent range. The paper also argues that if the social planner gives a similar chance to the low and high growth scenario, the discount rate should be dependent on the horizon of the project, declining from 4.4 percent for a 25-year horizon to less than 4 percent for a 100-year horizon.
Book Synopsis Climate Change and Intergenerational Justice by : Tracey Skillington
Download or read book Climate Change and Intergenerational Justice written by Tracey Skillington and published by Routledge. This book was released on 2020-09-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Synonymous with catastrophe and destructive tendencies, the Anthropocene provokes reflection on the limits of existing applications of ideas of responsibility, ecological agency and democratic justice. Youth campaigners, in particular, make emerging insights on the Anthropocene of central importance to an intersubjectively generated redefinition of the just society of the future. Given their span of affectedness, escalating rates of greenhouse gas emissions shape the ecological circumstances of generations to come and implicate them in harm relations they had no hand in creating. The realization is that human-inspired climate-destructive practices reverberate across plural time frames, thereby raising serious questions about the value of conventional interpretations of the copresence of sources of climate harm and their effects on the health and environmental living standards of all peoples. If injuries provoked by environmental degradation emerge across multiple time frames and affect generations differentially, where do we draw the boundaries of the just society, and how do we identify its most relevant subjects? This book explores how such questions have ignited one of the most important debates on democratic justice in recent years - that between generations. For mobilized youth and future justice coalitions campaigning internationally, expanding resource inequalities (regionally and intergenerationally) are fundamentally issues of unfair exclusions and asymmetries in relations of power between generations. The book offers a comprehensive overview of new insights being generated through such debate on the limitations of democratic presentism, as well as current institutional applications of civil and human rights norms. It assesses overall how the metapolitical relevance of modernity's democratic project is being creatively redefined in terms more relevant to Anthropocene futures.
Book Synopsis Cost-Benefit Analysis and the Environment Recent Developments by : OECD
Download or read book Cost-Benefit Analysis and the Environment Recent Developments written by OECD and published by OECD Publishing. This book was released on 2006-01-30 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth assessment of the most recent conceptual and methodological developments in cost-benefit analysis and the environment.
Book Synopsis The Oxford Handbook of Distributive Justice by : Serena Olsaretti
Download or read book The Oxford Handbook of Distributive Justice written by Serena Olsaretti and published by Oxford University Press. This book was released on 2018 with total page 753 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributive justice has come to the fore in political philosophy: how should we arrange our social and economic institutions so as to distribute benefits and burdens fairly? Thirty-eight leading figures from philosophy and political theory present specially written critical assessments of the key issues in this flourishing area of research.
Book Synopsis A Perfect Moral Storm by : Stephen M. Gardiner
Download or read book A Perfect Moral Storm written by Stephen M. Gardiner and published by Oxford University Press. This book was released on 2011-05-04 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change is arguably the great problem confronting humanity, but we have done little to head off this looming catastrophe. In The Perfect Moral Storm, philosopher Stephen Gardiner illuminates our dangerous inaction by placing the environmental crisis in an entirely new light, considering it as an ethical failure. Gardiner clarifies the moral situation, identifying the temptations (or "storms") that make us vulnerable to a certain kind of corruption. First, the world's most affluent nations are tempted to pass on the cost of climate change to the poorer and weaker citizens of the world. Second, the present generation is tempted to pass the problem on to future generations. Third, our poor grasp of science, international justice, and the human relationship to nature helps to facilitate inaction. As a result, we are engaging in willful self-deception when the lives of future generations, the world's poor, and even the basic fabric of life on the planet is at stake. We should wake up to this profound ethical failure, Gardiner concludes, and demand more of our institutions, our leaders and ourselves. "This is a radical book, both in the sense that it faces extremes and in the sense that it goes to the roots." --Notre Dame Philosophical Reviews "The book's strength lies in Gardiner's success at understanding and clarifying the types of moral issues that climate change raises, which is an important first step toward solutions." --Science Magazine "Gardiner has expertly explored some very instinctual and vitally important considerations which cannot realistically be ignored. --Required reading." --Green Prophet "Gardiner makes a strong case for highlighting and insisting on the ethical dimensions of the climate problem, and his warnings about buck-passing and the dangerous appeal of moral corruptions hit home." --Times Higher Education "Stephen Gardiner takes to a new level our understanding of the moral dimensions of climate change. A Perfect Moral Storm argues convincingly that climate change is the greatest moral challenge our species has ever faced - and that the problem goes even deeper than we think." --Peter Singer, Princeton University
Book Synopsis The Economics of Global Warming by : William R. Cline
Download or read book The Economics of Global Warming written by William R. Cline and published by Peterson Institute. This book was released on 1992 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the costs and benefits of an aggressive program of global action to limit the greenhouse effect. Cline summarizes the issues from the standpoint of an economist and estimates the damages of long-term warming.
Book Synopsis The Oxford Handbook of Climate Change and Society by : John S. Dryzek
Download or read book The Oxford Handbook of Climate Change and Society written by John S. Dryzek and published by OUP Oxford. This book was released on 2011-08-18 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change presents perhaps the most profound challenge ever confronted by human society. This volume is a definitive analysis drawing on the best thinking on questions of how climate change affects human systems, and how societies can, do, and should respond. Key topics covered include the history of the issues, social and political reception of climate science, the denial of that science by individuals and organized interests, the nature of the social disruptions caused by climate change, the economics of those disruptions and possible responses to them, questions of human security and social justice, obligations to future generations, policy instruments for reducing greenhouse gas emissions, and governance at local, regional, national, international, and global levels.
Download or read book Valuing the Future written by G. M. Heal and published by Columbia University Press. This book was released on 1998 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Heal presents a coherent framework for understanding the Earth's future from an economic perspective and offers a dynamic new blueprint for comprehending sustainability.
