Discounting the Benefits of Climate Change Policies Using Uncertain Rates
| dc.contributor.author | Newell, R | |
| dc.contributor.author | Pizer, W | |
| dc.date.accessioned | 2013-05-10T16:29:17Z | |
| dc.date.issued | 2002-01-01 | |
| dc.description.abstract | 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. | |
| dc.identifier.issn | 0048-7376 | |
| dc.identifier.uri | ||
| dc.publisher | Washington, D.C. Resources for the Future, Inc. | |
| dc.relation.ispartof | Resources | |
| dc.title | Discounting the Benefits of Climate Change Policies Using Uncertain Rates | |
| dc.type | Journal article | |
| duke.contributor.orcid | Newell, R|0000-0002-3205-5562 | |
| pubs.begin-page | 15 | |
| pubs.end-page | 20 | |
| pubs.issue | 146 | |
| pubs.organisational-group | Duke | |
| pubs.organisational-group | Duke Science & Society | |
| pubs.organisational-group | Economics | |
| pubs.organisational-group | Environmental Sciences and Policy | |
| pubs.organisational-group | Initiatives | |
| pubs.organisational-group | Institutes and Provost's Academic Units | |
| pubs.organisational-group | Nicholas School of the Environment | |
| pubs.organisational-group | Sanford School of Public Policy | |
| pubs.organisational-group | Trinity College of Arts & Sciences |
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