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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Je-Liang Liou & Han-Hui Chen & Pei-Ing Wu, 2022. "The Monetary Benefits of Reducing Emissions of Dioxin-like Compounds—Century Poisons—Over Half a Century: Evaluation of the Benefit per Ton Method," IJERPH, MDPI, vol. 19(11), pages 1-21, May.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:11:p:6701-:d:828351
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    References listed on IDEAS

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    1. Je-Liang Liou, 2019. "Effect of Income Heterogeneity on Valuation of Mortality Risk in Taiwan: An Application of Unconditional Quantile Regression Method," IJERPH, MDPI, vol. 16(9), pages 1-15, May.
    2. Olli Leino & Marko Tainio & Jouni T. Tuomisto, 2008. "Comparative Risk Analysis of Dioxins in Fish and Fine Particles from Heavy‐Duty Vehicles," Risk Analysis, John Wiley & Sons, vol. 28(1), pages 127-140, February.
    3. Gang Zhang & Xiangxuan Huang & Wenbo Liao & Shimin Kang & Mingzhong Ren & Jing Hai, 2019. "Measurement of Dioxin Emissions from a Small-Scale Waste Incinerator in the Absence of Air Pollution Controls," IJERPH, MDPI, vol. 16(7), pages 1-14, April.
    4. Ayodele, T.R. & Ogunjuyigbe, A.S.O. & Alao, M.A., 2017. "Life cycle assessment of waste-to-energy (WtE) technologies for electricity generation using municipal solid waste in Nigeria," Applied Energy, Elsevier, vol. 201(C), pages 200-218.
    5. Chae, Yeora & Park, Jeongim, 2011. "Quantifying costs and benefits of integrated environmental strategies of air quality management and greenhouse gas reduction in the Seoul Metropolitan Area," Energy Policy, Elsevier, vol. 39(9), pages 5296-5308, September.
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