Your Money or Your Life: Green Growth Policies and Welfare in 2050
Alain de Serres () and
Fabrice Murtin ()
Environmental & Resource Economics, 2016, vol. 63, issue 3, 590 pages
This paper proposes a simple index of economic progress that weighs in the monetary cost induced by climate change mitigation policies as well as the health benefits arising from the reduction in local air pollution. The shadow price of pollution is calculated indirectly through its impact on life expectancy. Taking into account the health benefits of mitigation policies significantly reduces their monetary cost in China and India, as well as in countries with large fossil-based energy-producing sectors (Australia, Canada and the United States). Copyright Springer Science+Business Media Dordrecht 2016
Keywords: Climate change; Health; Value of a statistical life; Welfare measurement; I31; Q51; Q54 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:kap:enreec:v:63:y:2016:i:3:p:571-590
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