Rate used for discounting future benefits or costs to society
Social discount rate (SDR) is the discount rate used in computing the value of funds spent on social projects. Discount rates are used to put a present value on costs and benefits that will occur at a later date. Determining this rate is not always easy and can be the subject of discrepancies in the true net benefit to certain projects, plans and policies. The discount rate is considered as a critical element in cost–benefit analysis when the costs and the benefits differ in their distribution over time, this usually occurs when the project that is being studied is over a long period of time.[1]
^Mark Harrison (22 April 2010). "Valuing the Future: the social discount rate in cost-benefit analysis". CiteSeerX 10.1.1.627.7762. {{cite journal}}: Cite journal requires |journal= (help)
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employed current understandings of the climate system and more modern socialdiscountrates. This new result therefore broadly supports the Paris Agreement...
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