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Monday, June 23, 2014

How Much Do We Care About Future Generations?

At MoneyWatch:

How much do we care about future generations?, by Mark Thoma: Former U.S. Treasure Secretary Henry Paulson's recent warning that "We're staring down a climate bubble that poses enormous risks to both our environment and economy" and his call for a carbon tax brings up an important question. How do we assess the benefits to future generations from taking action on climate change now, especially benefits that may be decades or even centuries away?
To answer this question, it's necessary to consider what's known as the "discount rate" on such policies. ...

    Posted by on Monday, June 23, 2014 at 08:28 AM in Economics, Environment | Permalink  Comments (18)


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