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Inflation reduces the value of future earnings.
As yields fall, the present value of future liabilities rises.
And that doesn't even consider the "value" of future generations.
Low interest rates mean that the value of future obligations look very large in today's dollars.
Others question his calculation of the present value of future pensions.
Beyond all of this, the value of future brand loyalty is incalculable.
The figure represents the value of future savings as the energy efficiency benefits are realized.
The higher the rate, the lower the value of future benefits or costs; and vice versa.
The lower the discount rate, the higher the value of future cashflows in today's money.
And for directors it means a boost to their reputation and an automatic increase in the value of future films.
Many firms use an internal carbon price to calculate the value of future projects and to guide investment decisions.
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