What are eco-costs?

Eco-costs are hidden environmental costs that our society bears: the harm to nature, human health, and the depletion of natural resources. In economics, these are known as “external costs,” meaning costs that are not yet included in our economic system. The use of almost all products and services comes with eco-costs. We must reduce this damage drastically to a level that Mother Earth can carry. However, the changes required to achieve this do cost money. The University of Delft has calculated as accurately as possible the money that is needed, under the condition that we take prevention measures urgently. These costs are called eco-costs. The target norm is the so-called “no-effect level,” and the calculation technique is that of preventive costs. Economically, we don’t need degrowth, provided we redesign our current economy: we should not waste our money on damage itself, but use it to reduce the damage, i.e. we must take prevention measures and must introduce the circular economy.

In the environment, we face more than just the climate problem. There are many different pollution problems related to water, soil, and air. Eco-costs have been calculated for the most significant issues.

for in-depth theory on eco-costs, klick on:
concept and structure, emissions, resource scarcity, energy. land-use, and Social- eco-costs