Can pollution lead to increased costs in other sectors?
Yes, pollution can have far-reaching economic implications across various sectors. The tourism industry can suffer when scenic locations are marred by pollution, leading to reduced tourist inflows and revenue. Real estate values can decline in polluted areas, affecting property markets and local economies. Furthermore, businesses may face higher operational costs due to the need for health insurance for employees, sick leave, and potential regulatory fines for non-compliance with environmental standards.