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Thursday, June 27, 2019
 Startseite » Umwelt  » Nachhaltigkeit & Generationengerechtigkeit 
The Stern Review and New Directions in Environmental Valuation
ca. 127 kb

The Stern Review and New Directions in Environmental Valuation

16 Seiten · 3,57 EUR
(Oktober 2009)

Ich bin mit den AGB, insbesondere Punkt 10 (ausschließlich private Nutzung, keine Weitergabe an Dritte), einverstanden und erkenne an, dass meine Bestellung nicht widerrufen werden kann.

This paper addresses the debate surrounding the Stern Review and its relevance for environmental valuation. The debate has steadily evolved from a discussion of the “proper” discount rate to use in economic models of climate change to a full blown critique of the relevance of standard welfare economics for long-term problems involving massive discontinuities and pure uncertainty. The risk of catastrophic consequences from uncontrolled CO2 emissions – the so-called mega-greenhouse – is of particular importance to climate change policy. The paper ends with a discussion of the implications for public policy in the light of the increased appreciation of the limits of standard economic theory.

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the author
Prof. John Gowdy
John Gowdy

is Rittenhouse Professor of Humanities and Social Science, Department of Economics, Rensselaer Polytechnic Institute in Troy, New York. His current research interests include climate change, biodiversity valuation, behavioral economics, and new directions in microeconomic theory. He has been a Fulbright scholar at the Economic University of Vienna, Leverhulme Professor at Leeds University and a visiting scholar at the Autonomous Universiy Barcelona, the University of Zurich, the Free University of Amsterdam, the University of Queensland and Tokushima University Japan. He has published more than 150 academic articles and has authored or co-authored 10 books.