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The social discount rate on climate change a case study of Part L of Schedule 1 of the UK Building Regulations, conservation of fuel and power

By: Language: English Series: Property Management ; 24(2) 2006, 144-161(18)Publication details: 2006Subject(s): Summary: Evaluates the impact of social discount rates (also known as social time preference rates) on the economic significance of carbon dioxide reduction in the benefit-cost analysis of recent amendments of Building Regulations Part L. The benefits are estimated using an integrated-assessment economic model called DICE. Finds that the value of social discount rate is a crucial factor in deciding the economic viability of recent and future amendments to Building Regulations Part L. Graph, tables and references.

Evaluates the impact of social discount rates (also known as social time preference rates) on the economic significance of carbon dioxide reduction in the benefit-cost analysis of recent amendments of Building Regulations Part L. The benefits are estimated using an integrated-assessment economic model called DICE. Finds that the value of social discount rate is a crucial factor in deciding the economic viability of recent and future amendments to Building Regulations Part L. Graph, tables and references.