Adaptation investment – Francisco Alpízar

High discount rates by private actors undermine climate change adaptation policies

Climate Risk Management. (2023) Alpizar, F., M. Bernedo, R. Cremades and P. Ferraro. Abstract Adaptation requires investing now to avoid future damages, and thus adaptation is shaped by discount rates. Although the role of social discount rates in climate policy design has been well documented, the role of private discount rates has been ignored. We illustrate theContinueContinue reading “High discount rates by private actors undermine climate change adaptation policies”