An Even Sterner Review: Introducing Relative Prices into the Discounting Debate

Sterner, Thomas; Persson, U. Martin
January 2008
Review of Environmental Economics & Policy;Jan2008, Vol. 2 Issue 1, p61
Academic Journal
In this article, the authors offer critical analysis of the "Stern Review on the Economics of Climate Change ," with particular focus on the discount assumptions adopted in the report to analyze the future economic benefits and costs of climate change. It states that rising relative prices can impact the efficient level of climate change mitigation. It concludes that even more confining stabilization scenarios can be warranted on economic grounds, than the ones discussed in the Stern Review.


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