“In its 700 pages, the Stern Review does not reveal the discount rate used even though this is its most crucial assumption. It was not until some time after publication and as a result of strenuous inquiries, that it emerged that the Review uses a discount rate of just 1.4%.”

Climate Etc.

by Michael Cunningham (“Faustino”)

There are many issues of debate about global warming.  Has there been warming this century?  Will there be further warming?  If so, will the cause be anthropogenic or other?  What will be the impacts, both positive and negative?  Should we take action to reduce emissions?  How might we proceed, and what are the costs and benefits of various approaches?

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