Pooling expert opinion on environmental discounting: an international Delphi survey
| dc.contributor.author | Martínez Paz, José Miguel | |
| dc.contributor.author | Almansa Sáez, Carmen | |
| dc.contributor.author | Casanovas Oliva, Valero | |
| dc.contributor.author | Colino, José | |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.contributor.department | Enpresen Kudeaketa | eu |
| dc.date.accessioned | 2019-01-22T13:34:45Z | |
| dc.date.available | 2019-01-22T13:34:45Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | The primary aim of this study is to examine the various issues involved in environmental discounting using a Delphi survey of a worldwide panel drawn from specialists in issues relating to discounting and long-term investment evaluation. The environmental discount rate is applied when performing cost–benefit analysis (CBA) on projects with environmental impact, in order to aggregate tangible and intangible effects. A review of the preceding literature shows that, after decades of academic debate, opinions have gradually converged. Furthermore, public administrations have begun to echo the need for a new look at the long-term discounting. One of the main findings of this study is the virtual unanimity of experts regarding the need to modify the approach to intergenerational discounting. The survey also yields a proposal for specific values for discount rates, based on the time horizon for the project under evaluation. The application of the resulting rates in the socio-economic evaluation of a project of environmental restoration provides numerical evidence of the importance of the choice of both discount rate and discount strategy. | en |
| dc.format.extent | 11 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.doi | 10.4103/0972-4923.191162 | |
| dc.identifier.issn | 0972-4923 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/32053 | |
| dc.language.iso | eng | en |
| dc.publisher | Medknow | en |
| dc.relation.ispartof | Conservation and Society, 14(3): 243-253, 2016 | en |
| dc.relation.publisherversion | https://doi.org/10.4103/0972-4923.191162 | |
| dc.rights | Creative Commons Attribution-NonCommercial-ShareAlike 4.0 | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-sa/4.0/ | |
| dc.subject | Discount rate | en |
| dc.subject | Social discounting | en |
| dc.subject | Environmental discounting | en |
| dc.subject | Cost benefit analysis | en |
| dc.subject | River restoration | en |
| dc.subject | Delphi | en |
| dc.subject | Segura river | en |
| dc.subject | Discounting strategy | en |
| dc.title | Pooling expert opinion on environmental discounting: an international Delphi survey | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| dspace.entity.type | Publication | |
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