Sentences with phrase «lower social discount rate»

Not exact matches

Sacrifices that have long - term benefits are unlikely to be undertaken unless the social discount rate is much lower [e.g., ~ 0.5 % per year] than any rate we can currently motivate empirically.»

It should be «The social cost of carbon rises sharply for lower discount rates.»

My general view is that, while Stern's choice of discount rate is at the low end, the Review badly underestimates the social cost of the damage to natural ecosystems that will inevitably arise from global warming.

This lower discount rate translates into a considerable increase in the social cost of carbon emissions, and hence even greater impetus to mitigate climate change.