WARNING:
JavaScript is turned OFF. None of the links on this concept map will
work until it is reactivated.
If you need help turning JavaScript On, click here.
This Concept Map, created with IHMC CmapTools, has information related to: formula-discount-rate, the practice of discounting ignores the fact that "there is no one discount rate in society and there are different rates for different groups, capitals, contexts, and so on." (174) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, "the practice of discounting can lead to dangerous disregard for the well- being of future generations" (172) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, "such models [Integrated Assessment Models] must make drastic, often heroic, simplifications along all stages of the climate- change chain. What is more, large uncertainties are associated with each element in the cycle. Nevertheless, the IAMs remain the best tool available for estimating aggregate quantitative global costs and risks of climate change." (Stern 2006e, 145) objects the practice of discounting ignores the fact that "there is no one discount rate in society and there are different rates for different groups, capitals, contexts, and so on." (174), click on the small, bent arrow at the bottom right of this text box to get back to the Stern Review's main argumentation start here we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, the practice of discounting ignores the fact that "adding in risk to discounting conflates separate issues and makes untenable assumptions as to the nature of uncertainty." (174) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, the practice of discounting ignores the fact that "different [climate] scenarios imply different rates, even in theory, which makes the rate endogenous to the climate change problem and its policy ‘solution’." (174) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, "such models [Integrated Assessment Models] must make drastic, often heroic, simplifications along all stages of the climate- change chain. What is more, large uncertainties are associated with each element in the cycle. Nevertheless, the IAMs remain the best tool available for estimating aggregate quantitative global costs and risks of climate change." (Stern 2006e, 145) objects the practice of discounting ignores the fact "that invididuals can and do hold negative discount rates for some impacts and positive ones for others" (174), "for any positive discount rate, a time in the future can be specified at which the effective destruction of civilization would be literally 'not worth preventing'" therefore (ArgScheme: modus ponens) "the practice of discounting can lead to dangerous disregard for the well- being of future generations" (172), the practice of discounting downplays the possibility of catastrophic and extreme events. "Extreme climatic events, such as hurricanes, floods and droughts already result in major damages, e.g.,Hurricane Katrina c.1.2%GDP in USA" (707). There is "potential for some unique irreversible disasters e.g., disruption of the North Atlantic ocean circulation, and melting of the West Antarctic and Greenland ice sheets." (708) objects (Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, if "for any positive discount rate, a time in the future can be specified at which the effective destruction of civilization would be literally 'not worth preventing'," then "the practice of discounting can lead to dangerous disregard for the well- being of future generations" therefore (ArgScheme: modus ponens) "the practice of discounting can lead to dangerous disregard for the well- being of future generations" (172), the practice of discounting ignores the fact that "merely observing that something occurs as an empirical fact says nothing of its moral acceptability or repugnance, e.g., people murder, rape, torture, commit genocide." (174) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, the practice of discounting ignores the fact "that invididuals can and do hold negative discount rates for some impacts and positive ones for others" (174) objects (Baer- Spash) we use a standard formula that calculates the discount rate as the sum of the rate of pure time preference and the growth rate of per capita consumption, the latter multiplied with an elasticity parameter, "such models [Integrated Assessment Models] must make drastic, often heroic, simplifications along all stages of the climate- change chain. What is more, large uncertainties are associated with each element in the cycle. Nevertheless, the IAMs remain the best tool available for estimating aggregate quantitative global costs and risks of climate change." (Stern 2006e, 145) objects the practice of discounting ignores the fact that "different [climate] scenarios imply different rates, even in theory, which makes the rate endogenous to the climate change problem and its policy ‘solution’." (174), "such models [Integrated Assessment Models] must make drastic, often heroic, simplifications along all stages of the climate- change chain. What is more, large uncertainties are associated with each element in the cycle. Nevertheless, the IAMs remain the best tool available for estimating aggregate quantitative global costs and risks of climate change." (Stern 2006e, 145) objects the practice of discounting ignores the fact that "adding in risk to discounting conflates separate issues and makes untenable assumptions as to the nature of uncertainty." (174), The Debate about the Stern-Review and the Economics of Climate Change visualized according to the rules and conventions of Logical Argument Mapping (LAM)