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The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-10-10)Making decisions about optimal investments in green infrastructure necessitates setting social discount rates. This paper suggests a practical way for determining the discount rate for projects or programmes in which one ... -
International Support of Climate Change Policies in Developing Countries: Strategic, Moral and Fairness Aspects
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-02-01)International transfers in climate policy channeled from the industrialized to the developing world either support the mitigation of climate change or the adaptation to global warming. From an allocative efficiency point ... -
Long Run Trends in Energy-Related External Costs
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-01-12)This paper considers how energy-related external costs change through time. It focuses on one of the key periods in the history of energy. After a period of declining coal prices and soaring consumption which fuelled the ... -
International Climate Finance and its Influence on Fairness and Policy
(Basque Centre for Climate Change/Klima Aldaketa Ikergai, 2011-07-07)Besides costs and benefits, fairness aspects tend to influence negotiating parties’ willingness to join an international agreement on climate change mitigation. Fairness is largely considered to improve the prospects ...