Tuesday, September 13, 2016

Air Pollution in Bangladesh Costs $2.6 Billion Annually

Deaths caused by air pollution cost Bangladesh economy nearly $2.6 billion in foregone labour output in 2013, which accounts for 0.58% of its GDP, says a new World Bank Report. The amount compares with $1.2 billion in 1990 and the total number of air pollution-related deaths, causing human suffering and reducing economic development, rose to 27,452 from 6,379 in the 23 years to 2013.

While pollution-related deaths strike mainly young children and the elderly, premature deaths also result in lost labour income for working-age men and women. The study, released on Thursday last, says air pollution robs nations of significant potential to grow, which after being calculated through total ‘welfare losses’ and loss in labour output, reaches a staggering amount especially for developing countries.

Between 1990 and 2013, the total welfare losses in Bangladesh stood at $27.5 billion, making up 6.5% of its GDP. The annual labour income lost from pre-mature deaths by air pollution in Southeast Asia accounted for 0.83% of the region’s GDP in the same year.  The aggregate cost of premature deaths was more than US$5 trillion worldwide in 2013. In East and South Asia, welfare losses related to air pollution were the equivalent of about 7.5% of GDP. In 2013, China lost nearly 10% of its GDP, India 7.69%, while Sri Lanka and Cambodia each lost roughly 8%, as a result of pollution-related deaths.

Read the full article @ Dhaka Tribune

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