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Monetary Health Co-Benefits and GHG Emissions Reduction Benefits: Contribution from Private On-the-Road Transport

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  • Je-Liang Liou

    (The Center for Green Economy, Chung-Hua Institution for Economic Research, Taipei 10617, Taiwan)

  • Pei-Ing Wu

    (Department of Agricultural Economics, National Taiwan University, Taipei 10617, Taiwan)

Abstract

This is the first study to provide a systematic monetary benefit matrix, including greenhouse gas (GHG) emissions reduction benefits and air pollution reduction health co-benefits, for a change in on-the-road transport to low-carbon types. The benefit transfer method is employed to estimate the social cost of carbon and the health co-benefits via impact pathway analysis in Taiwan. Specifically, the total emissions reduction benefits from changing all internal combustion vehicles to either hybrid electric vehicles, plug-in hybrid electric vehicles, or electric vehicles would generate an average of USD 760 million from GHG emissions reduction and USD 2091 million from health co-benefits based on air pollution reduction, for a total benefit of USD 2851 million annually. For a change from combustion scooters to light- or heavy-duty electric scooters, the average GHG emissions reduction benefits would be USD 96.02 million, and the health co-benefits from air pollution reduction would be USD 1008.83 million, for total benefits of USD 1104.85 million annually.

Suggested Citation

  • Je-Liang Liou & Pei-Ing Wu, 2021. "Monetary Health Co-Benefits and GHG Emissions Reduction Benefits: Contribution from Private On-the-Road Transport," IJERPH, MDPI, vol. 18(11), pages 1-19, May.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:11:p:5537-:d:559767
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    References listed on IDEAS

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