CONTINUING THE SUSTAINABILITY CONVERSATION: Discounting the Future

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Discounting the Future
March 22, 2018
7:30PM - 9:00PM
Location
Thompson Library, Room 165

Date Range
Add to Calendar 2018-03-22 19:30:00 2018-03-22 21:00:00 CONTINUING THE SUSTAINABILITY CONVERSATION: Discounting the Future

The Center for Ethics and Human Values presents

 

a Continuing the Sustainability Conversation event:

 

Discounting the Future

 

Policies whose foreseeable costs and benefits are spread over long time periods—as they are in CO2 reduction policies—raise the ethical question of what we owe to future generations. But this question can be hidden behind the choice of a “discount rate,” a parameter used in economic analysis that allows for the comparison of the value of consumption occurring in different years. Even a low discount rate over a longer period of time can make the disvalue of future costs negligible in the present, thereby greatly privileging benefits to the present generation over costs to future ones. This panel will explore the economic and ethical questions raised by the use of a discount rate in long-term policy-making.
 
Participants include:
Moderator:
Thompson Library, Room 165 Center for Ethics and Human Values cehv@osu.edu America/New_York public
Description

The Center for Ethics and Human Values presents

 

a Continuing the Sustainability Conversation event:

 

Discounting the Future

 

Policies whose foreseeable costs and benefits are spread over long time periods—as they are in CO2 reduction policies—raise the ethical question of what we owe to future generations. But this question can be hidden behind the choice of a “discount rate,” a parameter used in economic analysis that allows for the comparison of the value of consumption occurring in different years. Even a low discount rate over a longer period of time can make the disvalue of future costs negligible in the present, thereby greatly privileging benefits to the present generation over costs to future ones. This panel will explore the economic and ethical questions raised by the use of a discount rate in long-term policy-making.
 
Participants include:
Moderator:

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