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Discounting for Public Benefit-Cost Analysis

An examination of how the relative value of future costs and benefits is calculated finds that a focus on the profitability of an investment, rather than a consumer’s return on that investment, can dramatically undervalue the benefits of emissions reductions policies.

Issue Brief (21-05) by Qingran Li and William Pizer — 9 minute read — June 14, 2021 (Updated July 6, 2021)