![]() | ||
2011-02-01 09:13:06 | Ethical Dilemma Profoundly Sways Economics of Climate Change | |
John Hartz John Hartz john.hartz@hotmail... 98.122.68.19 |
"Of the many moral conundrums presented by climate change, the issue's intergenerational nature is perhaps trickiest to sort out. It boils down to this: We benefit mightily from burning cheap coal and will shoulder most of the expense associated with switching the global economy to low-carbon fuel sources. But our grandchildren and great-grandchildren will pay the price for our profligate energy ways and will reap the majority of the benefit of our shift to cleaner-burning fuels." Source: "Ethical Dilemma Profoundly Sways Economics of Climate Change", Climate Central, Jan 27, 2011. http://www.climatecentral.org/news/ethical-dilemma-profoundly-sways-economics-of-climate-change/ This article explains how and why economists use a disocunt rate to determine the cost of carbon. It also highlights the different schools of thought on what discount rate should be used. |