"Act now on global warming - but don't cook the books.": An article from: Finance & Development |  | Authors: Nancy Birdsall, Andrew Steer
Brand: The Gale Group
Category: Book
Buy New: $5.95
Format: Html
Media: Digital
Pages: 10
ASIN: B00091Z73U
Publication Date: March 1, 1993
Availability: Available for download now
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Product Description
This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1993. The length of the article is 2950 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: William Cline's book, 'The Economics of Global Warming,' provides a thoroughly careful and fully transparent analysis of the economics of global warming. His conclusion, that an aggressive program of abating greenhouse gas emissions is warranted, rests heavily on lowering the discount rate used in cost-benefit analysis to 2%. Such a recommendation, however, may ultimately result to counterproductive consequences. The wealth passed on to future generations will be reduced if policymakers routinely accept investments that offer less than the best return. Too low a rate will induce capital intensive pattern of development and promote investments with high up-front costs that could be harmful to the environment. Furthermore, lowering the discount rate is an imperfect and often misleading tool for capturing uncertainty and for dealing with large irreversible impacts.
Citation Details
Title: "Act now on global warming - but don't cook the books."
Author: Nancy Birdsall
Publication: Finance & Development (Magazine/Journal)
Date: March 1, 1993
Publisher: International Monetary Fund
Volume: v30 Issue: n1 Page: p6(3)
Distributed by Thomson Gale
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