Valuing a Statistical Life Year in Relation to Clean Air

Hein, Lars; Roberts, P.T.; González, Lucía Álvarez

doi:10.1142/s1464333216500253

Cited by 12 publications

(15 citation statements)

References 35 publications

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“…Even though our VOSL and VOLY estimates fall within the range of values reported in the literature (Hein et al 2016), they are at the high end of these values and it should be noted that large uncertainties are associated with valuing losses of human life and human life years. For instance, Van Gils et al (2014) indicate that VOSL and VOLY values for the Netherlands can also be up to 50% lower.…”

Section: Discussionsupporting

confidence: 61%

Economic valuation of climate change–induced mortality: age dependent cold and heat mortality in the Netherlands

et al. 2020

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This study examines the impacts of climate change on future mortality in the Netherlands and the related economic costs. Our methods account for changes in both cold- and heat-related mortality for different age classes, the time dynamics associated with temperature-related mortality, demographic change and the urban heat island effect. Results show that heat and cold impacts on mortality vary considerably between age classes, with older people being more vulnerable to temperature extremes. The sensitivity of mortality to temperature is higher on hot (4.6%/°C) than cold (2.1%/°C) days for the most vulnerable group (≥ 80 years), and extreme temperatures have long time lags on mortality, especially in the cold. A main finding is that climate change is expected to first decrease total net mortality in the Netherlands due to a dominant effect of less cold-related mortality, but this reverses over time under high warming scenarios, unless additional adaptation measures are taken. The economic valuation of these total net mortality changes indicates that climate change will result in net benefits of up to €2.3 billion using the Value of a Statistical Life Year and €14.5 billion using the Value of a Statistical Life approaches in 2050, while this changes over time in net economic costs under high warming scenarios that can reach up to €17.6 billion in 2085. Implementing adaptation policies that reduce the negative impacts of warming on mortality in the heat can turn these net costs into net benefits by achieving a continued dominating effect of reduced mortality in the cold.

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Section: Discussionsupporting

confidence: 61%

Economic valuation of climate change–induced mortality: age dependent cold and heat mortality in the Netherlands

et al. 2020

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“…In addition, the VSLY allows the translation of quality adjusted life years (QALYs) from CUA to a monetary value that can be used in CBA [ 17 ]. The preferred methodology to derive a VSLY is from studies eliciting willingness-to-pay for increases in life expectancy [ 18 , 19 ]. However given the limited number of these studies, the current VSLY recommended by the Australian Government is calculated from VSL estimates [ 16 , 17 ].…”

Section: Introductionmentioning

confidence: 99%

Systematic Review to Update ‘Value of a Statistical Life’ Estimates for Australia

Ananthapavan

Moodie

Milat

et al. 2021

IJERPH

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The value of a statistical life (VSL) estimates individuals’ willingness to trade wealth for mortality risk reduction. This economic parameter is often a major component of the quantified benefits estimated in the evaluation of government policies related to health and safety. This study reviewed the literature to update the VSL recommended for Australian policy appraisals. A systematic literature review was conducted to capture Australian primary studies and international review papers reporting VSL estimates published from 2007 to January 2019. International estimates were adjusted for income differences and the median VSL estimate was extracted from each review study. VSL estimates were used to calculate the value of a statistical life year. Of the 18 studies that met the inclusion criteria, two studies were primary Australian studies with a weighted mean VSL of A$7.0 million in 2017 values. The median VSL in the review studies was A$7.3 million. For Australian public policy appraisals, we recommend the consideration of a base case VSL for people of all ages and across all risk contexts of A$7.0 million. Sensitivity analyses could use a high value of A$7.3 million and a low value that reflects the value (A$4.3 million) currently recommended by the Australian government.

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“…The VOLY illustrates life expectancy decreases by considering the age of casualties whereas younger casualties are weighted higher than elder ones (EEA, 2014) and the VSL represents "individuals' willingness to pay to secure a marginal reduction in the risk of premature death" (WHO, 2015:VIII). In the analysis, a VOLY of €68,000 and a VSL of €2,593,000 (both values in 2017 € 70 ) are used, representing values for the European Union, based on evaluations of the NewExt research project (Hurley et al, 2005) and are values which are typically applied in projects on a European scale (Hein et al, 2016). In a comparison of values, Hein et al (2016) find VOLY estimates ranging from €6,200 to €150,000 and VSL estimates ranging from €0.5 to more than €6,000,000.…”

Section: Avoided Air Pollution and Its Economic Impactmentioning

confidence: 99%

“…In the analysis, a VOLY of €68,000 and a VSL of €2,593,000 (both values in 2017 € 70 ) are used, representing values for the European Union, based on evaluations of the NewExt research project (Hurley et al, 2005) and are values which are typically applied in projects on a European scale (Hein et al, 2016). In a comparison of values, Hein et al (2016) find VOLY estimates ranging from €6,200 to €150,000 and VSL estimates ranging from €0.5 to more than €6,000,000. Both values used can therefore be interpreted as slightly below the average value of existing studies in the field.…”

Section: Avoided Air Pollution and Its Economic Impactmentioning

confidence: 99%

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Cleantech as a key enabler of sustainable development

Jenniches¹

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CA California CGE computable general equilibrium CH 4 methane CHP combined heat and power CO carbon monoxide CO 2 carbon dioxide CO 2-eq carbon dioxide equivalents CSP concentrated solar power However, numerous climate policy opponents around the globe share and spread the view that mitigation strategies such as the phase-out of fossil fuels and investing in energy efficiency and renewable energy developments induce negative effects for the economy (Brunnengräber, 2013; Hopkin, 2007). This strong emphasis on negative effects is a barrier to the implementation of climate change policies that include comprehensive strategies for mitigation (Lorenzoni, et al., 2007; Dunlap and McCright, 2011). It is, therefore, the responsibility of science to conduct thorough and 26 Chapter 1

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Valuing a Statistical Life Year in Relation to Clean Air

Cited by 12 publications

References 35 publications

Economic valuation of climate change–induced mortality: age dependent cold and heat mortality in the Netherlands

Economic valuation of climate change–induced mortality: age dependent cold and heat mortality in the Netherlands

Systematic Review to Update ‘Value of a Statistical Life’ Estimates for Australia

Cleantech as a key enabler of sustainable development

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