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Light Pollution: Economic Valuation Methods and a Market Solution

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Jun Su

    (Hainan Normal University, School of Economics and Management)

Abstract

Light pollution has not been a significant problem until the 1980s. This paper reviews literature focused on light pollution both from economic and technological perspectives. Prior studies mainly investigated the diverse impacts of light pollution on human health, ecosystem, energy loss and night sky and reasons for light pollution. But the studies focused on economic valuation of light pollution are rare and incomplete. Meanwhile, while legislation aimed at reducing light pollution has been exerted by many countries and areas and planing the lighting system scientifically has been suggested by some scholars, a market solution has not been proposed. This paper proposes methods to quantify economic cost of light pollution and the market solutions to reduce light pollution, including giving property right to the environment and increasing electricity price. The proposed valuation methods will serve as important tools for calculating economic cost of light pollution. The market solution based on the economic cost figured out then will use economic incentives to mitigate light pollution in areas affected by it heavily.

Suggested Citation

  • Jun Su, 2022. "Light Pollution: Economic Valuation Methods and a Market Solution," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 1322-1329, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_147
    DOI: 10.2991/978-94-6463-052-7_147
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