Determining Benefits and Costs for Future Generations

摘要: In economic project analysis, the rate at which future benefits and costs are discounted relative to current values often determines whether a passes benefit-cost test. This is especially true of projects with long time horizons, such as those reduce greenhouse gas (GHG) emissions. Whether climate policies, can last for centuries, outweigh costs, many borne today, sensitive discounted. also other e.g., affecting nuclear waste disposal or construction long-lived infrastructure.