Silver as an investment

20/10/17: Lancet Report on Impact of Pollution

trueeconomics.blogspot.com / by Constantin Gurdgiev / Saturday, October 21, 2017

A top-level, comprehensive report compiled by the Lancet Commission details estimates of economic and human costs of pollution worldwide. The full report is available here: http://www.thelancet.com/commissions/pollution-and-health.

Before I summarise some of its main findings, it is worth noting that such an undertaking is, by definition, a difficult one and the one that involves a lot of assumptions, models, estimates and uncertainty around its findings. There will be debates and there will be those who disagree with the report findings. However, two things are clear:

  1. Pollution is costly in terms of health, life, quality of human capital (young age development, etc), and economically;
  2. Incidences of pollution impacts are bound to be concentrated in the areas where other factors (e.g. poverty, location of extraction industries, etc) are also at play.

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