1

Lauren McCauley – Making Case for Clean Air, World Bank Says Pollution Cost Global Economy $5 Trillion

Air pollution is the fourth-leading cause of premature deaths worldwide and the problem only continues to worsen, but governments have been reluctant to make the dramatic changes necessary to curb polluting industries in favor of cleaner alternatives.

In an effort to strengthen the case for action, the World Bank along with the Institute for Health Metrics and Evaluation (IHME) at the University of Washington, Seattle released a joint study (pdf) Thursday warning about the economic effects of pollution-related fatalities.

In 2013, one in every 10 deaths was caused by diseases associated with outdoor and household air pollution—such as lung cancer, stroke, heart disease, and chronic bronchitis. And, according to the study, these fatalities cost the global economy roughly $225 billion in lost labor income. That number rises to more than $5 trillion when accounting for so-called “welfare costs” —what people are willing to pay for the reduction or prevention of pollution-induced death.

Read more