Biodiversity valuation and the discount rate problem

Purpose – The aim of this paper is to demonstrate that the application of standard environmental accounting practices for estimating long-term discount rates is likely to lead to the rejection of biodiversity-sensitive projects that are in the greater societal good. Design/methodology/approach – The...

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Bibliographic Details
Main Authors: Mark Freeman, Ben Groom
Format: Default Article
Published: 2013
Subjects:
Other commerce, management, tourism and services not elsewhere classified
Biodiversity accounting
Ecosystem services
Valuation
Declining discount rates
Normative
Positive
Accounting
Sustainable development
Business and Management not elsewhere classified
Online Access:https://hdl.handle.net/2134/14959
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https://hdl.handle.net/2134/14959

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