Hof, Andries F.; Vuuren, Detlef P. van; Elzen, Michel … - In: Ecological Economics 70 (2010) 1, pp. 43-51
Using cost-benefit analysis to determine an optimal climate mitigation target is criticised, especially because i) it fails to sufficiently take into account low-probability, high-impact events, and ii) results strongly depend on the discount rate used. One of the alternative suggestions to...
