The Monetary Benefits of Reducing Emissions of Dioxin-like Compounds—Century Poisons—Over Half a Century: Evaluation of the Benefit per Ton Method

Je-Liang Liou, Han-Hui Chen and Pei-Ing Wu
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Je-Liang Liou: The Center for Green Economy, Chung-Hua Institution for Economic Research, Taipei City 10672, Taiwan
Han-Hui Chen: Department of Land Economics, National Chengchi University, Taipei City 11605, Taiwan
Pei-Ing Wu: Department of Agricultural Economics, National Taiwan University, Taipei City 10617, Taiwan

IJERPH, 2022, vol. 19, issue 11, 1-21

Abstract: The objective of this study is to evaluate the monetary value of health benefits following reductions in century poison dioxin-like compounds for people aged 0–14 years old, 15–64 years old, and persons 65 years or over in Taiwan. The benefit per ton (BPT) method is employed to estimate the monetary value of the benefits of such a reduction from 2021 to 2070 for different age groups in different regions. The results indicate a BPT of US$837,915 per gram of dioxin each year. The results further show that for Taiwan as a whole, the net BPT per gram of dioxin reduction from 2021 to 2025 is US$704 for children, US$42,761 for working-age adults, US$34,817 for older adults, and US$78,282 overall. Reductions in dioxin-like compounds from 2051–2070 will generate 83.93% of the net BPT for the entire country. This is approximately five times the net BPT of emissions reduction from 2021 to 2025. The monetary benefits evaluated in this study indicate that the prevention of health losses caused by the spread and diffusion of dioxin-like compounds have increased significantly. This implies that action must be taken now, along with continued vigilance, to address emission reductions.

Keywords: health benefit; impact pathway; lifetime average daily exposure; value transfer method; multiple media transport; value of a statistical life (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
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