Short-term gain promises long-term pain

Search Swinburne Research Bank

Home

Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/23008

Title: Short-term gain promises long-term pain
Author(s): Legge, John M.
Abstract: Faust famously accepted an offer of present pleasure for future pain but when the time came to settle his debt, he regretted the bargain. Climate change is the payment humanity must make for its profligate use of fossil fuels; just how severe the effects will be depends on what steps we are prepared to take over the next 10 to 20 years. Businesses routinely trade present costs against future benefits using discounted cash flow (DCF) techniques. Are these an appropriate way of planning our response to climate change?
Publication type: Newspaper article
Research centre: Swinburne University of Technology. Faculty of Business and Enterprise
Source: The Age, 22 December 2006
Publication year: 2006
Keyword(s): Australia; Business; Climate change; Corporate finance principles; Environment; Government policy
Publisher: Fairfax
Publisher URL: http://www.theage.com.au/news/business/shortterm-gain-promises-longterm-pain/2006/12/21/1166290678446.html