Time horizons and discount rates in Swedish environmental policy: Who decides and on what grounds?
2016 (English)In: Futures: The journal of policy, planning and futures studies, ISSN 0016-3287, E-ISSN 1873-6378, Vol. 76, 55-66 p.Article in journal (Refereed) PublishedText
Interviews with Swedish authorities reveal large variations in the time horizons and discount rates used in their policy decisions. The time horizon, i.e. the future time period for which effects are included in the analysis, is seldom longer than 40-50 years, and nuclear waste is the only area in which a time horizon longer than 100 years is used regularly. Discount rates for non-commercial purposes vary between 2 per cent and 4 per cent, with 4 per cent as the most common rate. The differences between policy areas appear to be unsystematic and insufficiently justified. We suggest that there may be a need for coordination and, possibly, harmonization, of the choices of time horizons and discount rates.
Place, publisher, year, edition, pages
Elsevier, 2016. Vol. 76, 55-66 p.
Time horizon, Planning, Social discount rate, Public policy, Environment
Social Sciences Interdisciplinary
IdentifiersURN: urn:nbn:se:kth:diva-185386DOI: 10.1016/j.futures.2015.02.007ISI: 000372388300006ScopusID: 2-s2.0-84958833156OAI: oai:DiVA.org:kth-185386DiVA: diva2:920387
QC 201604182016-04-182016-04-182016-04-18Bibliographically approved