A new Greenpeace report has estimated the global cost of air pollution from fossil fuels at around $2.9 trillion per year, or $8 billion per day — 3.3% of the world’s GDP.
Cost of air pollution
India is estimated to bear a cost of $150 billion, or 5.4% of the country’s GDP, which is the third-highest absolute cost from fossil fuel air pollution worldwide.
China and the US are estimated to bear the highest absolute costs from fossil fuel air pollution, respectively at $900 billion and $600 billion.
Loss of lives
- Globally, air pollution is estimated to cause 4.5 million premature deaths each year.
- This includes 3 million deaths attributable globally to PM2.5, which is one of the principal pollutants in northern Indian cities including Delhi.
- Globally, PM2.5 is also estimated to cause the loss of 62.7 million years of life, 2.7 million emergency room visits due to asthma, 2 million preterm births and 1.75 billion work absences.
- The 2 million preterm births include 981,000 in India and over 350,000 in China.
In India, exposure to fossil fuels also leads to a loss of around 490 million workdays, the report said.