Each day that bushfire smoke descends on Sydney and workers down tools while shoppers stay at home, estimates by SGS Economics and Planning show the city's economy bleeds up to $50 million.
Each day that bushfire smoke descends on Sydney and workers down tools while shoppers stay at home, estimates by SGS Economics and Planning show the city's economy bleeds up to $50 million.
Costs tallied include lost production, as workers take more sick days, and reduced spending, as locals and tourists spend less on dining out or after-work drinks. "Sydney has the worst air quality of any city in the world at the moment. As people are forced to stay at home and offices are evacuated, our productivity and competitiveness is taking a big hit," he said.
Globally, rising levels of outdoor pollution are expected to slice economic output by 1 per cent by 2060, up from 0.3 per cent in 2015, according to a 2016 study by the Organisation for Economic Co-ordination and Development.The costs of air pollution, according to this study, include reduced productivity, increased health expenditure and lower crop yields.
The number of premature deaths due to air pollution is also projected to increase from 3 million people globally to between 6 and 9 million in 2060.
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