Skip navigation
Skip navigation

Pluralistic discounting recognizing different capital contributions: An example estimating the net present value of global ecosystem services

Costanza, Robert; Kubiszewski, Ida; Stoeckl, Natalie; Kompas, Tom


Discounting the future is essential to inform long-term decisions, but the future of humanity is being put in jeopardy by using the same discount rate for all capital types. Different types of capital assets (built, human, social, natural) have inherently different characteristics and contribute differently to the production of all goods and services. They will behave and depreciate differently and will thus require different discount rates and different approaches to discounting. Here, we...[Show more]

CollectionsANU Research Publications
Date published: 2021-02-08
Type: Journal article
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2021.106961


File Description SizeFormat Image
TMP60563413202289114045.pdf1.11 MBAdobe PDF    Request a copy

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  17 November 2022/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator