|
May 25 · The estimated value to society from climate change mitigation is highly sensitive to the long-term social discount rate. Governmental discounting guidance has almost exclusively been influenced by economists, although it is not clear that they possess any special expertise on intergenerational ethics. Here, by contrast, we report the views of philosophers, who are the most trained in ethical matters. We show that, as a group, these experts offer strong support for a real social discount rate of 2%, a value that is also predominantly backed by economists. We find multidisciplinary support for climate policy paths in line with the United Nations climate targets when views on ... Read more ...
|