The other day I came across A Policymaker’s Guide to Climate Economics: Questions to Ask, which is a nice summary of economic questions raised by climate change. I appreciated the discussion on discount rates, and I wish people talked about them more. But, what I also appreciated was the mention of Nicholas Stern’s The Stern Review on the Economics of Climate Change in the same document as Thomas Sterner and U. Martin Persson’s An Even Sterner Review: Introducing Relative Prices into the Discounting Debate (which argues that Stern’s message would be largely true even if we pick a higher discount rate).
Ah, an academic sense of humor.
Photo “Angry_Bread_Large” by Psycholabs, on Flickr.