کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1055136 1485136 2007 5 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A missed opportunity: The Stern Review on climate change fails to tackle the issue of non-substitutable loss of natural capital
موضوعات مرتبط
علوم زیستی و بیوفناوری علوم محیط زیست علوم زیست محیطی (عمومی)
پیش نمایش صفحه اول مقاله
A missed opportunity: The Stern Review on climate change fails to tackle the issue of non-substitutable loss of natural capital
چکیده انگلیسی

The Stern Review on The Economics of Climate Change is one of the few cost-benefit analyses of climate change to come out in favour of immediate and decisive action to reduce greenhouse gas emissions. The choice of a low discount rate is the main reason for the Review's divergence in conclusions compared to other economic studies. I argue that the Review's ethical reasons for a low discount rate are defendable, but unlikely to find wider public support. In order to justify spending a large amount of scarce resources for the purpose of limiting climate change, it is necessary to move beyond the discounting debate. Unfortunately, the Review did not develop a persuasive argument for why climate change threatens to inflict upon future generations irreversible and non-substitutable damage to and loss of natural capital. This represents a missed opportunity as it would have provided a much more compelling case for drastic action than the Review's arguments for a low discount rate.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Global Environmental Change - Volume 17, Issues 3–4, August–October 2007, Pages 297–301
نویسندگان
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