Professor Michael Greenstone on Outdated Climate Change Discount Rates

Harris Public Policy Professor Michael Greenstone is featured in The Washington Post to address the outdated climate change discount rates. "The 7 percent figure was 'just plain outdated' because global interest rates had dropped so much since 2003, and that because 'climate change could prove to be highly disruptive,' financial markets would normally dictate a lower rate."

Full coverage is available at The Washington Post.