Discount Rates: How simple maths can sustain our planet

Discount rates can help us transition to a world based on renewable resources. Its a simple concept based on percentages which can be explained more easily on a desert island..........

While this term, discount rates, may be familiar to some, it has some really interesting applications to the economics of climate change.

Sorry for the delay in posting!

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Lost Frontier by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
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To learn more about discount rates, check out my references:

1:05
William Golding:
Lord of the Flies https://en.wikipedia.org/wiki/Lord_of_the_Flies

3:30
David Roberts:
A good introduction to discount rates:
Discount rates: A boring thing you should know about –
https://grist.org/article/discount-rates-a-boring-thing-you-should-know-about-with-otters/
4:28
Zeno’s Paradox:
https://en.wikipedia.org/wiki/Zeno%27s_paradoxes
4:57
Stephen Gardiner
Section on moral corruption towards the end:
http://ww.hettingern.people.cofc.edu/Environmental_Philosophy_Sp_09/Gardner_Perfect_Moral_Storm.pdf

5:07
Stern review
A very long but useful document commissioned by the UK government
Discount rates are referred to throughout, different rates are used in different contexts but these average to 1.4%. Stern is highly criticised for using a 0.1% rate at some points:
http://mudancasclimaticas.cptec.inpe.br/~rmclima/pdfs/destaques/sternreview_report_complete.pdf

5:16
Nordhaus:
Nordhaus, W. (2007). A Review of the ”Stern Review on the Economics of Climate
Change”. Journal of Economic Literature, 45(3):686–702.

6:07
Hal Varian
Chief Google economist, as well as writer of popular economics undergraduate textbooks:
http://people.ischool.berkeley.edu/~hal/people/hal/NYTimes/2006-12-14.html

7:02
Partridge
Interesting application of more general philosophy to the topic of climate change
Ernest Partridge. 2001. “Future generations.” In Dale Jamieson (ed.) A Companion to Environmental Philosophy, Maldon and Oxford, Blackwell, 377-389.

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