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

By T. Sterner, M. Persson. Review of Environmental Economics and Policy, 2008

469 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/db850ee87b7677653e0d69db4451c4f996d5afea

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Citations in the corpus

Designing Climate Mitigation Policy (2010, unknown): “For example, under a 550 ppm CO2 stabilization target, Tavoni et al. (2007) estimate that forest sinks can contribute one-third of total abatement by 2050, and thereby decrease the required price on CO2 emissions by around 40 percent.”
Tipping elements and climate–economic shocks: Pathways toward integrated assessment (2016, background): “, 2015], to ecosystem services and other natural capital [Sterner and Persson, 2008], and to total factor productivity [Moyer et al.”
What is the 'Damages Function' for Global Warming - and What Difference Might it Make? (2010, background): “Postulating such kind of properties (which both (3) and (4) obey anyway) seems to me an acceptable price to pay in terms of loss of generality for buying into what will turn out to be a considerable degree of analytical simplicity.”
Climate economics support for the UN climate targets (2020, background): “These include the choice of discounting parameters 9-11 , the model’s omission of uncertainty and the risk for climate catastrophes 12-15 , the treatment of non-market damages 16,17 , and details of its climate model 18-20 .”
The social cost of carbon in U.S. regulatory impact analyses: an introduction and critique (2012, methodology): “Britain’s government used a constant rate of 1.4 % in the Stern Review’s SCC estimate (Stern 2007).”
Recent advances in the valuation of ecosystem services and biodiversity (2012, background): “Hoel and Sterner (2007) and Sterner and Persson (2008) have indicated some initial steps towards a practical exposition of this thinking (in the context of valuing the damage arising from climate change).”
Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming (2018, methodology): “We chose to use an exogenous carbon price because of the well-known difficulty in eliciting the “right” discount rate (Sterner and Persson, 2008).”
Optimal Taxes on Fossil Fuel in General Equilibrium (2011, unknown): “One such model is that in Sterner and Persson (2008), who modeled the demand for environmental goods explicitly.”
Discounting climate change (2008, background): “It seemed to me that the questionnaire had restricted economic possibilities in an unacceptable way.32 Weitzman (2007a) has revisited his earlier work and has altered the motivation behind his study.”
The Stern Review and its critics: economics at work in an interdisciplinary setting (2011, background): “The argumentation against an observation-based discount rate is close to Sterner and Persson (2008) as indicated in the following two quotes: Market rates of return on investments are not social rates of return – they generally take no account, for example, of environmental damages or other market…”
Discounting for Climate Change (2009, unknown): “Still other commentators suggested that one should consider effective discount rates, correcting for the expected changes in the valuation of impacts (Sterner and Persson 2008); here, the effective discount rate is a function of the pure rate of time preference, the growth rate of consumption, the r”