Air Pollution from Fossil Fuels Costs $8 Billion Per Day, New Research Finds

The economic and health costs of air pollution from burning fossil fuels totaled $2.9 trillion in 2018, calculated in the form of work absences, years of life lost, and premature deaths, according to a new report by the Center for Research on Energy and Clean Air (CREA). The cost represents 3.3 percent of global GDP, or about $8 billion per day.

“Air pollution is a threat to our health and our economies,” Minwoo Son, a clean air campaigner for Greenpeace Southeast Asia, which commissioned the report, said in a statement. “Every year, air pollution from fossil fuels takes millions of lives, increases our risk of stroke, lung cancer, and asthma, and costs us trillions of dollars.”

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