Program

The Summer School will start on Monday, June 10^th and end on Wednesday, June 12^th in the afternoon.

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Discounting in public policy (A. Pommeret)

In the first part, the way in which discounting is applied in practice to the evaluation of public investments will be presented, including case studies. The presentation of the French case will provide an opportunity to present the CCAPM for deriving risk-adjusted discounting. In the second part, a new pragmatic approach, called 'stress discounting', will be explained. Finally, it will be applied to a public investment decision (geological disposal of highly radioactive nuclear waste and investment in mitigation measures).

Benefits of climate change policies versus long term uncertain damages (C. Gollier)

In order to evaluate which climate actions should be performed, one should compare their cost per tCO2 saved to the social benefit of not emitting this CO2. In this lecture, I address the complex question of how to measure this benefit, given the fact that climate damages are scattered over centuries and are still quite uncertain.

Social Discounting: Environment, Inequality and other determinants of well-being (B. Groom)

The social discount rate reflects the way in which intertemporal social welfare is measured and the determinants of welfare. Among these nature, biodiversity and ecosystem services are often ignored, as is the distribution of growth and environmental damage in society among different income groups. I will reflect on how to incorporate such non-marketed and typically overlooked aspects of social welfare can be incorporated into the discount rate and whether, ultimately, this is the right way to go about reflecting environment and inequality in the appraisal of social actions. Examples from theory and international practice will be drawn upon to illustrate.

The influence of emotions, temporality and inequalities in environmental impact assessment (O. Chanel)

This lecture will focus on three dimensions of environmental assessment. Firstly, the channels through which emotions participate in the decision-making process under uncertainty. Secondly, the influence of temporality in assessing the long-term health benefits of environmental policies. Finally, the way in which inequalities of income or socio-economic status can affect economic evaluations.

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Students are strongly encouraged to present their research in workshop during the Summer School. This is a unique opportunity to have focused and valuable feedback from peers and from distinguished faculty. The schedule of paper presentations will be distributed in due course.

At the conclusion of the Summer School, participants will receive a certificate of attendance outlining the number of hours attended. Interested students should check with their universities to see if these hours are transferable into ECTS credits.