Discounting for Time and Risk in Energy Policy

Discounting for Time and Risk in Energy Policy PDF Author: Robert C. Lind
Publisher: Routledge
ISBN: 1135985251
Category : Business & Economics
Languages : en
Pages : 476

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Book Description
This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

Discounting for Time and Risk in Energy Policy

Discounting for Time and Risk in Energy Policy PDF Author: Robert C. Lind
Publisher: Routledge
ISBN: 1135985251
Category : Business & Economics
Languages : en
Pages : 476

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Book Description
This is a collection of theoretical papers, including contributions by Partha Dasgupta and three Nobel prize-winning economists: Kenneth Arrow, Amartya Sen, and Joseph Stiglitz. Originally published in 1982.

Discounting for Time and Risk in Energy Policy

Discounting for Time and Risk in Energy Policy PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 468

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Book Description


Discounting for Time and Risk in Energy Policy

Discounting for Time and Risk in Energy Policy PDF Author: Kenneth Arrow
Publisher:
ISBN:
Category :
Languages : en
Pages : 468

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Book Description


Distorted Time Preferences and Structural Change in the Energy Industry

Distorted Time Preferences and Structural Change in the Energy Industry PDF Author: Christoph Heinzel
Publisher: Springer Science & Business Media
ISBN: 3790821837
Category : Business & Economics
Languages : en
Pages : 174

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Book Description
The present study is a slightly revised version of my PhD thesis which was accepted at the Economics Department of Dresden University of Technology in July 2008. It has a long and a short history. For it began, as suggested theme, as a fundamental evaluation of evolutionary economics for ecological economics, asking, especially, for what the two ?elds actually constitutes and, eventually, relates. In several years of unfruitful dwelling, however, neither of these two young, non-mainstream ?elds proved as constituted at a fundamental level as yet. Rather, ecological economics, founded at the end of the 1980s as an attempt to combine social and natural s- ence approaches(in particular economics and ecology) to study especially long-run environmental problems in an encompassing manner, has mainly developed into an interdisciplinary research forum on environmental-economicissues. Particularly uni?edbycertainnormativestances sharedwithinits community,it constitutes,well understood, a new discpline of its own right, distinct from economics, with its own scienti?c standards, questions, methodologies and institutions (Baumgartner ̈ and Becker 2005). Modern evolutionaryeconomicson the other hand has been a quarter of a century after its inception with Nelson and Winter (1982) still a mainly h- erogeneousendeavor, linked by a (rather amorphous) common interest in economic “evolution” and a critical stance towards neoclassical mainstream economics, with a certain strength in applied studies on industrial dynamics (Heinzel 2004, 2006).

Discounting and Intergenerational Equity

Discounting and Intergenerational Equity PDF Author: Paul R. Portney
Publisher: Routledge
ISBN: 1135892016
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be appropriate when applied to a longer span of time. Paul Portney and John Weyant have assembled some of the world's foremost economists to reconsider the purpose, ethical implications, and application of discounting in light of recent research and current policy concerns. These experts note reasons why conventional calculations involved in discounting are undermined when considering costs and benefits in the distant future, including uncertainty about the values and preferences of future generations, and uncertainties about available technologies. Rather than simply disassemble current methodologies, the contributors examine innovations that will make discounting a more compelling tool for policy choices that influence the distant future. They discuss the combination of a high shout-term with a low long-term diescount rate, explore discounting according to more than one set of anticipated preferences for the future, and outline alternatives involving simultaneous consideration of valuation, discounting and political acceptability.

Energy Abstracts for Policy Analysis

Energy Abstracts for Policy Analysis PDF Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 666

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Book Description


Valuing Climate Damages

Valuing Climate Damages PDF Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309454204
Category : Science
Languages : en
Pages : 281

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Book Description
The social cost of carbon (SC-CO2) is an economic metric intended to provide a comprehensive estimate of the net damages - that is, the monetized value of the net impacts, both negative and positive - from the global climate change that results from a small (1-metric ton) increase in carbon-dioxide (CO2) emissions. Under Executive Orders regarding regulatory impact analysis and as required by a court ruling, the U.S. government has since 2008 used estimates of the SC-CO2 in federal rulemakings to value the costs and benefits associated with changes in CO2 emissions. In 2010, the Interagency Working Group on the Social Cost of Greenhouse Gases (IWG) developed a methodology for estimating the SC-CO2 across a range of assumptions about future socioeconomic and physical earth systems. Valuing Climate Changes examines potential approaches, along with their relative merits and challenges, for a comprehensive update to the current methodology. This publication also recommends near- and longer-term research priorities to ensure that the SC- CO2 estimates reflect the best available science.

The Social Discount Rate

The Social Discount Rate PDF Author: Humberto Lopez
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
The social discount rate measures the rate at which a society would be willing to trade present for future consumption. As such it is one of the most critical inputs needed for cost-benefit analysis. This paper presents estimates of the social discount rates for nine Latin American countries. It is argued that if the recent track record in terms of growth in the region is indicative of future performance, estimates of the social discount rate would be in the 3-4 percent range. However, to the extent that the region improves on its past performance, the social discount rate to be used in the evaluation of projects would increase to the 5-7 percent range. The paper also argues that if the social planner gives a similar chance to the low and high growth scenario, the discount rate should be dependent on the horizon of the project, declining from 4.4 percent for a 25-year horizon to less than 4 percent for a 100-year horizon.

Energy Policies and Risks on Energy Markets

Energy Policies and Risks on Energy Markets PDF Author:
Publisher:
ISBN:
Category : Energy development
Languages : en
Pages : 184

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Book Description


Discounting and Environmental Policy

Discounting and Environmental Policy PDF Author: Joel Scheraga
Publisher: Routledge
ISBN: 1351777181
Category : Social Science
Languages : en
Pages : 500

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Book Description
This book was published in 2003.The "International Library of Environmental Economics and Policy" explores the influence of economics on the development of environmental and natural resource policy. In a series of 25 volumes, the most significant journal essays in key areas of contemporary environmental and resource policy are collected. Scholars who are recognized for their expertise and contribution to the literature in the various research areas serve as volume editors and write essays that provides the context for the collection. Volumes in the series reflect three broad strands of economic research including: natural and environmental resources; policy instruments and institutions; and methodology. The editors, in their introduction to each volume, provide a state-of-the-art overview of the topic and explain the influence and relevance of the collected papers on the development of policy. This reference series provides access to the economic literature that has shaped contemporary perspectives on land use analysis and policy.