Analysis of information sources in references of the Wikipedia article "Stern Review" in English language version.
There is no definitive answer to this question because it is inherently an ethical judgment that requires comparing the well-being of different people: those alive today and those alive in 50 or 100 years.
Besides these broad insights, a number of specific results emerge as well. First, with a very low discount rate, the social cost of carbon is arbitrary. We know this because the estimate does not converge as the time horizon expands. It follows that assumption about the remote future dominate the results; and since these assumptions are so uncertain, they are essentially arbitrary.
{{cite journal}}: CS1 maint: multiple names: authors list (link){{cite journal}}: CS1 maint: multiple names: authors list (link){{cite journal}}: CS1 maint: multiple names: authors list (link)Besides these broad insights, a number of specific results emerge as well. First, with a very low discount rate, the social cost of carbon is arbitrary. We know this because the estimate does not converge as the time horizon expands. It follows that assumption about the remote future dominate the results; and since these assumptions are so uncertain, they are essentially arbitrary.
Besides these broad insights, a number of specific results emerge as well. First, with a very low discount rate, the social cost of carbon is arbitrary. We know this because the estimate does not converge as the time horizon expands. It follows that assumption about the remote future dominate the results; and since these assumptions are so uncertain, they are essentially arbitrary.
LORD STERN'S report on climate change, which underpins government policy, has come under fire from a disaster analyst who says the research he contributed was misused. Robert Muir-Wood, head of research at Risk Management Solutions, a US-based consultancy, said the Stern report misquoted his work to suggest a firm link between global warming and the frequency and severity of disasters such as floods and hurricanes.
LORD STERN'S report on climate change, which underpins government policy, has come under fire from a disaster analyst who says the research he contributed was misused. Robert Muir-Wood, head of research at Risk Management Solutions, a US-based consultancy, said the Stern report misquoted his work to suggest a firm link between global warming and the frequency and severity of disasters such as floods and hurricanes.