Could we remain simply applying discount rate to evaluate the life quality of our future generations?

When we try to estimate future environmental costs resulting from our current economic activities,we usually calculate the present value of the consequences for our future generations by utilizing a discount rate as a standard economic procedure.The popularity of this procedure is solely supported by its simplicity which assumes:(1)a perfect financial market over even 100 years,and(2)existence of a stable time preference between two consecutive periods for an individual consumer.An apparent deficiency of this approach is that the present value of life quality of future generations varies to a large extent along an arbitrarily chosen discount rate.As a matter of fact,the discount rate,which could reflect the time preference as2%or 5%,matters when we predict current strategies of environmental protection for future generations.Simply applying a discount rate to evaluate the quality of our future generation,without clarifying the actual production mechanism behind this,is almost to the same as ignoring the fact that all of the goods are produced through an actual production process and that environmental degradation reduces the efficiency of that process.The greatest concern for our future generations should not be given by an assumed discount rate,since the discount rate itself is determined by financial market conditions at certain points in time.     

Long-term exposure to traffic-related PM10 and decreased heart rate variability: Is the association restricted to subjects taking ACE inhibitors?

BackgroundAlterations in heart rate variability (HRV) are a potential link between exposure to traffic-related air pollution and cardiovascular mortality.ObjectivesWe investigated whether long-term exposure to traffic-related PM₁₀ (TPM₁₀) is associated with HRV in older subjects and/or in participants taking specific cardiovascular treatment or with self-reported heart disease.MethodsWe included 1607 subjects from the general population aged 50 to 72 years. These participants from the SAPALDIA cohort underwent ambulatory 24-hr electrocardiogram monitoring. Associations of average annual exposure to TPM₁₀ over 10 years with HRV parameters from time and frequency domains were estimated using multivariable mixed linear models. Effect estimates are expressed as percent changes in geometric means.ResultsHRV was only associated with TPM₁₀ in participants under ACE inhibitor therapy (N = 94). A 1 μg/m³ increment, approximately equivalent to an interquartile range, in 10 year average TPM₁₀ was associated with decrements of 14.5% (95% confidence interval (CI), − 25.9 to − 1.3) in high frequency (HF) power, of 4.5% (− 8.2 to − 0.5) in the standard deviation of all normal-to-normal RR intervals (SDNN), of 10.6% (− 18.5 to − 1.9) in total power (TP) and an increase of 9.2% (0.8 to 20.2) in the LF/HF power ratio.ConclusionsIn the absence of an overall effect our results suggest that alterations in HRV, a measure of autonomic control of the cardiac rhythm, may not be a central mechanism by which long-term exposure to TPM₁₀ increases cardiovascular mortality. Novel evidence on an effect in persons under ACE inhibitor treatment needs to be confirmed in future studies.