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Climate Change Economics

 Pedro Conceição, Yanchun Zhang
Description: Economics of climate change often deals with trade-offs across generations. Given that discounting takes place over many years, even relatively small differences in the discount rate can have a very large impact on the assessment. High social discount rates favor a “ramp-up” approach to mitigation; while low discount rates favor more immediate large-scale action.
Views: 2450
Domain: Energy
Category: Environmental
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Pedro Concei��o, Yanchun Zhang* Office of Development Studies, UNDP
Princeton-China EEE Forum Shanghai, Nov. 4th 2009
* Th views expressed are those of the authors and do not necessarily reflect those of the The i d h f h h dd il fl h f h organization with which they are affiliated. Please send comments to yanchun.zhang@undp.org

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