Social And Economic Impact Of Air pollution

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The market impacts of outdoor air pollution are
projected to lead to global economic costs that
gradually increase to 1 of global GDP by 2060.
Costs related to additional health expenditures
and labour productivity losses dominate in the
long run.
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The financial sources that could have devoted to
poverty elimination are now being used for
preventing air pollution and that too majorly in
urban areas. So, People living in remote places
and tribal regions are being deprived of funds.
Furthermore, the respiratory diseases caused by
air pollution warrant heavy health expenditure
that can push many families into poverty.
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Outdoor air pollution kills more than 3 million
people across the world every year, and causes
health problems from asthma to heart disease for
many more. This is costing societies very large
amounts in terms of the value of lives lost and
ill health.
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The Mortality Risk Valuation in Environment,
Health and Transport Policies (2012) presents a
major meta-analysis of value of a statistical
life (VSL) estimates derived from surveys where
people around the world have been asked about
their willingness to pay for small reduction in
mortality risks.
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