2. What’s the Right Price for Carbon Emissions?
Pricing Nature
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Navigating Social Discount Rates for Climate Investment
This chapter examines the challenges in setting a social discount rate for climate investments, balancing ethical considerations with market perspectives. It traces the evolution of the U.S. government's approach to the social cost of carbon emissions across different administrations and critiques the implications of varying discount rates on policymaking. The discussion highlights the ethical dilemmas faced when prioritizing immediate economic gains over long-term environmental impacts.
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