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Negative external costs like Economic loss and decline of production may exist when air pollution and water pollution are introduced into the environment.
Externalities of Air and Water Pollution
- They cover a wide range of externalities, such as crop and human production losses, infrastructure, superstructure, and property damage.
- Acid rains (and depositions), smog, and ozone pollution alter the period of time needed for infrastructure investments to pay for themselves through maintenance and replacement.
- Nearly all air contaminants have some physiological effects on people, primarily but not exclusively on the respiratory and cardiovascular systems.
- Some effects, like those of carbon monoxide, are obvious and immediate, but those of lead and HC/VOCs are far more pernicious and subtle.
- If possible, it is hardest to evaluate environmental costs in a thorough manner. It might be a reference to biological diversity and sustainability, two factors that pollution is very capable of influencing.
To learn more about Externalities due to pollution refer to:
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