The choice of the appropriate discount rate being used in climate economics is uncertain and contentious because: a. Economists struggle to identify the interest rates that prevail in financial markets. b. It doesn't matter - policy prescriptions from climate economists vary little using the range of reasonable discount rates. c. There is no uncertainty in the discount rate that should be used. d. There are ethical implications of discounting the well-being of future generations.
Added by Alberto L.
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