1887

Costs of Inaction on Key Environmental Challenges

image of Costs of Inaction on Key Environmental Challenges

Countries today face numerous environmental policy challenges, such as climate change, air and water pollution, natural-resource management, natural disasters and environment-related hazards. The costs of not responding to them can be considerable, in some cases representing a significant drag on OECD economies. Estimation of these costs can be an important part of identifying areas in which policy interventions are required, as well as of establishing priorities for future action. There is, however, considerable uncertainty associated with all stages of “costing” the impacts of  environmental and resource degradation. Even when the costs of inaction are deemed important, identifying the areas where environmental policies need to be strengthened still requires careful comparison between the marginal costs of inaction versus action. This report provides introductory perspectives on the costs of inaction and discusses some of the future problems likely to be encountered in this very complex area.

English French

.

Costs of Inaction with Respect to Environment-related Industrial Accidents and Natural Disasters

The costs of inaction with respect to environment-related industrial accidents and natural disasters are an issue of increasing importance, with economic impacts for OECD and non-OECD countries. Inaction can result in a variety of different costs, including: emergency response costs, remediation costs, material damages, human health losses, and ecosystem damages. In many cases, the ex ante costs of prevention and preparedness can be much less than the costs of ex post remediation and restoration. While it is not economically efficient (or even feasible in most cases) to reduce the risk of these “events” to zero, governments can introduce policies which encourage investment in measures which reduce the hazard rate and vulnerability.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error