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:
- Pollution is costly in terms of health, life, quality of human capital (young age development, etc), and economically;
- 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.