Climate-economy models factor in technological and economic progress, and yet their SCC estimates are hugely sensitive to the discount rate. The only way I can see this happening is if climate damages in the future are very large.
Current theme: default
Less Wrong (text)
Less Wrong (link)
Climate-economy models factor in technological and economic progress, and yet their SCC estimates are hugely sensitive to the discount rate. The only way I can see this happening is if climate damages in the future are very large.