The Economics of Air Pollution – Costs and Benefits for Local Governments

As cities expand and industries flourish, air pollution presents a substantial concern for local governments. For that reason, the economics of air pollution and the financial costs of air pollution have been emerging as crucial factors for effective governance. It can’t be denied that understanding these financial aspects is not just about caring for the environment – it’s also a key part of managing money wisely.

Let’s discuss the monetary side of air pollution. To do so, we’re going to see how comprehending the economic costs of air pollution and using air quality monitoring solutions can help local governments make informed decisions that ensure both economic growth and the well-being of their communities.

• The Dreadful Economic Cost of Air Pollution
• Clear Benefits of Air Quality Improvement

The Dreadful Economic Cost of Air Pollution

According to research published on the official website of the European Public Health Alliance[1], pollution costs each European an average of €1,276 a year in medical bills. More worryingly, it’s said to worsen each year, unless governments cut down on the emissions.

Breathing in polluted air can result in a range of health issues, such as coughing, wheezing, and shortness of breath. Over time, these health problems contribute to the economic costs of air pollution, straining healthcare resources as individuals seek medical treatment for these conditions. Obviously, those with pre-existing respiratory ailments bear a heavier economic burden due to the worsened symptoms caused by poor air quality.

What’s more, air pollution economics also affects infrastructure, quickening the wear and tear on buildings and roads in a few ways:

• acid rain eats away at materials, like concrete and asphalt,
• pollution particles settle on surfaces, causing rust and erosion,
• pollution is linked to extreme weather, like heavy storms, which can further harm infrastructure.

Undoubtedly, the increased need for repairs and maintenance due to air contamination adds to the economic costs of air pollution for both local governments and communities.

Clear Benefits of Air Quality Improvement

Improved air quality offers substantial economic advantages that include health savings and increased tourism and investment.

When the air is cleaner, fewer people get sick, which means less money spent on medical bills and more savings for local governments. Plus, places with fresh air draw in more tourists and investors, leading to increased spending and business growth, mitigating the overall economic costs of air pollution. So, better air quality isn’t just good for the economy – it also cuts down on the money lost due to pollution.

source [1]: https://epha.org/how-much-is-air-pollution-costing-our-health/