简介：Chinaisamongtheearliestcountriestodraftitsnationalsustainabledevelopmentstrategy.ShortlyaftertheUnitedNationsConferenceonEnvironmentandDevelopmentin1992,theChineseGovernmentdecidedtoformulateandimplementChina'sAgenda21-theWhitePaperonChina'sPopulation,EnvironmentandDevelopmentinthe21stCentury.ThisdocumentservesasthebasicguidelinetodirectthesocialandeconomicdevelopmentinChina.

简介：I'mverypleasedtobehereatthissidemeeting,China'sGreenTransformation:Efforts,PracticesandFuture,co-sponsoredbyACCA21andUNDP.SincetheUNConferenceonEnvironmentandDevelopmentin1992,peoplearoundtheworldhavemadenumerous

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简介：Whenwetrytoestimatefutureenvironmentalcostsresultingfromourcurrenteconomicactivities,weusuallycalculatethepresentvalueoftheconsequencesforourfuturegenerationsbyutilizingadiscountrateasastandardeconomicprocedure.Thepopularityofthisprocedureissolelysupportedbyitssimplicitywhichassumes:(1)aperfectfinancialmarketovereven100years,and(2)existenceofastabletimepreferencebetweentwoconsecutiveperiodsforanindividualconsumer.Anapparentdeficiencyofthisapproachisthatthepresentvalueoflifequalityoffuturegenerationsvariestoalargeextentalonganarbitrarilychosendiscountrate.Asamatteroffact,thediscountrate,whichcouldreflectthetimepreferenceas2%or5%,matterswhenwepredictcurrentstrategiesofenvironmentalprotectionforfuturegenerations.Simplyapplyingadiscountratetoevaluatethequalityofourfuturegeneration,withoutclarifyingtheactualproductionmechanismbehindthis,isalmosttothesameasignoringthefactthatallofthegoodsareproducedthroughanactualproductionprocessandthatenvironmentaldegradationreducestheefficiencyofthatprocess.Thegreatestconcernforourfuturegenerationsshouldnotbegivenbyanassumeddiscountrate,sincethediscountrateitselfisdeterminedbyfinancialmarketconditionsatcertainpointsintime.