Health Care Savings Can Far Outweigh Costs of Carbon Cutting Policies

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Implementing policies to curb carbon emissions dramatically cuts health care costs associated with poor air quality — in some cases, by more than 10 times the cost of policy implementation, according to new research published in Nature Climate Change.

Policies aimed at reducing carbon emissions are as effective as laws targeting polluting compounds like ground-level ozone, also known as smog, and fine particulate matter, the MIT researchers say. An analysis of three climate policies — a clean-energy standard, a transportation policy, and a cap-and-trade program — found that savings from avoided health problems could recoup 26 percent of the cost of implementing a transportation policy, and up to to 10.5 times the cost of implementing a cap-and-trade program. A cap-and-trade program would cost roughly $14 billion to implement, whereas a transportation policy with rigid fuel-economy requirements could cost more than $1 trillion, according to the analysis.

Policies targeting specific sources of air pollution, such as power plants and vehicles emissions, did not lead to significantly larger benefits than cheaper policies, such as a cap-and-trade approach, the study found.

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Yale Environment 360 is an online magazine offering opinion, analysis, reporting and debate on global environmental issues. We feature original articles by scientists, journalists, environmentalists, academics, policy makers, and business people, as well as multimedia content and a daily digest of major environmental news. Yale Environment 360 is published by the Yale School of Forestry & Environmental Studies and Yale University. We are funded in part by the Gordon and Betty Moore Foundation and by the John D. and Catherine T. MacArthur Foundation. The opinions and views expressed in Yale Environment 360 are those of the authors and not of the Yale School of Forestry & Environmental Studies or of Yale University.

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