| Autor: |
José Martínez-Paz, Carmen Almansa, Valero Casasnovas, José Colino |
| Jazyk: |
angličtina |
| Rok vydání: |
2016 |
| Předmět: |
|
| Zdroj: |
Conservation & Society, Vol 14, Iss 3, Pp 243-253 (2016) |
| Druh dokumentu: |
article |
| ISSN: |
0972-4923 |
| DOI: |
10.4103/0972-4923.191162 |
| Popis: |
The primary aim of this study is to examine the various issues involved in environmental discounting using a Delphi survey of a worldwide panel drawn from specialists in issues relating to discounting and long-term investment evaluation. The environmental discount rate is applied when performing cost–benefit analysis (CBA) on projects with environmental impact, in order to aggregate tangible and intangible effects. A review of the preceding literature shows that, after decades of academic debate, opinions have gradually converged. Furthermore, public administrations have begun to echo the need for a new look at the long-term discounting. One of the main findings of this study is the virtual unanimity of experts regarding the need to modify the approach to intergenerational discounting. The survey also yields a proposal for specific values for discount rates, based on the time horizon for the project under evaluation. The application of the resulting rates in the socio-economic evaluation of a project of environmental restoration provides numerical evidence of the importance of the choice of both discount rate and discount strategy. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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