Planting the trees we’ll never sit under cover art

Planting the trees we’ll never sit under

Planting the trees we’ll never sit under

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 For 30 years, a little-known number in government circles has quietly stymied investment for future generations. Set by Treasury, the ‘discount rate’ was once set at 10%, and it meant future benefits and costs were heavily devalued, becoming worth almost nothing after six or seven years. In a nutshell, higher discount rates discourage long-term investment and incentivise short-term projects. Treasury has recently reduced the discount rate to 5%, but is that enough? Bernard Hickey talks with Arthur Grimes, senior fellow at Motu Research and professor at Victoria University, about a big shift to new discount rates that could make big future projects much more viable. Learn more about your ad choices. Visit megaphone.fm/adchoices
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.