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Costs of Inaction with Respect to Air and Water Pollution
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | This Chapter summarises the results of a number of valuation studies give some indication of the costs of inaction with respect to air and water pollution. Health costs often represent 80% or more of total estimated social costs in valuation studies, particularly when important intangible costs such as those associated with "pain and suffering" are included. These adverse health impacts have significant economic implications, including reduced labour productivity and adverse impacts on public finance. The costs arising through degraded ecosystems are also important, affecting productivity in resource-based sectors, property markets and material damages. These have direct effect on the economy, even if the impacts are not always fully recognised. Therefore, to the extent that degraded environmental conditions contribute to illhealth, inaction with respect to air and water pollution is an issue of macroeconomic significance. |
| Page Count | 48 |
| Starting Page | 33 |
| Ending Page | 71 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2008-09-19 |
| Access Restriction | Open |
| Subject Keyword | Environment |
| Content Type | Text |
| Resource Type | Chapter |
