In UK this report came out and has raised a lot of eyebrows. As usual, there are camps on either side of the debate. But, to me, it is amazing that we are debating AT ALL!
One of the most popular argument used by many is that the calculations of the cost-benefits do not match up .. as they use the benefits accruing and line up all the costs and then discount the resultant by a certain factor – which is usually 3-5%.. well that is because the money tomorrow is worth less than today. But is it just money? Is a tree or a breath of Fresh Air only assessable in money terms? How about the availability of these basic needs to our great grandkids?
The question that we need to answer is: Are we worth More than our grandkids?