Dear Jennifer,
Australia's Productivity Commission has finally reviewed the Stern Report [the report commissioned by the British government on the economics of climate change] and according to newspaper reports has attacked it for its advocacy and dubious costings.
The Productivity Commission document is available via http://www.pc.gov.au/research/staffworkingpaper/sternreview
Reports in The Age, Sydney Morning Herald and The Australian are available at the following links
http://www.theaustralian.news.com.au/story/0,25197,23105165-11949,00.html
The ABC is currently silent on the matter.
Cheers
John McLean
Graham, Stern wasn't making an assessment on a specific investment with the need to provide return to shareholders. He was trying to quantify the value of not acting on climate change and hence the cost of carbon.
Do you feel it is appropriate to discount the value of future lives by 10%, 15%?
Jen, what is the difference between what you promote as 'a review by the Productivity Commission'and one of their Staff Working Papers. One difference is the spin you are in.