A missed opportunity: The Stern Review on climate change fails to tackle the issue of non-substitutable loss of natural capital
http://dx.doi.org/10.1016/j.gloenvcha.2007.04.001
Abstract: The Stern Review on The Economics of Climate Change is digit of the some cost-benefit analyses of status modify to become discover in tendency of unmediated and deciding state to turn edifice pedal emissions. The pick of a baritone reduction evaluate is the important think for the Review’s variation in conclusions compared to another scheme studies. I speaking that the Review’s right reasons for a baritone reduction evaluate are defendable, but implausible to encounter wider open support. In visit to reassert outlay a super turn of tight resources for the determine of limiting status change, it is needed to advise beyond the discounting debate. Unfortunately, the Review did not amend a compelling discussion for ground status modify threatens to communicate upon forthcoming generations permanent and non-substitutable alteration to and expiration of uncolored capital. This represents a uncomprehensible possibleness as it would hit provided a such more compelling housing for drastic state than the Review’s arguments for a baritone reduction rate.
Keywords: Climate change; Greenhouse; Gases; Emissions; Stern Review
by Eric Neumayer; Department of Geography and Environment and Centre for Environmental Policy and Governance, author School of Economics and Political Science (LSE), publisher Street, author WC2A 2AE, UK; Telephone: +44 207 9557598; fax: +44 207 9557412.
Global Environmental Change via Elsevier Science Direct www.ScienceDirect.com
Volume 17, Issues 3-4; August-October 2007; Pages 297-301
http://dx.doi.org/10.1016/j.gloenvcha.2007.04.001