Letter to Treasury on discount rate changes

^{Bernard Spragg, Flickr.}

The Commissioner has written to the Treasury to welcome changes to the public sector discount rates used in cost benefit analysis. These rates now better recognise the long-term benefits produced by environmental investment.

This change is in line with a recommendation from the Commissioner's 2021 report Wellbeing budgets and the environment: A promised land? He has also commended Treasury officials for the thoughtful and considered consultation process during the review of the discount rate.