Societal cost of ‘forever chemicals’ about $17.5tn across global economy – report - The Guardian
The societal cost of using toxic PFAS or “forever chemicals” across the global economy totals about $17.5tn annually, a new analysis of the use of the dangerous compounds has found.
Meanwhile, the chemicals yield comparatively paltry profits for the world’s largest PFAS manufacturers – about $4bn annually.
The report, compiled by ChemSec, a Sweden-based NGO that works with industry and policymakers to limit the use of toxic chemicals, partially aims to highlight how the “astronomical” cost of using PFAS is shouldered by governments typically forced to fund the cleanup of pollution and individuals who suffer from health consequences.
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PFAS are a class of about 15,000 chemicals often used to make products resistant to water, stains and heat. The chemicals are ubiquitous, and linked at low levels of exposure to cancer, thyroid disease, kidney dysfunction, birth defects, autoimmune disease and other serious health problems.
They are called “forever chemicals” because they do not naturally degrade.
The chemicals are thought to be contaminating drinking water for at least 200 million Americans, while watchdogs have identified thousands of industrial polluters. Similar widespread contamination persists throughout Europe.
ChemSec found 12 companies account for most of the world’s PFAS production and pollution. Among them are 3M, Chemours, Solvay, Daikin, Honeywell, BASF, Merck and Bayer, though 3M this year announced it would discontinue making PFAS in part because of regulatory pressure and litigation.
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The analysis broke down societal costs into four categories. Soil and water remediation are the most expensive, followed by healthcare costs and bio-monitoring of PFAS pollution.
While the average market price of PFAS is about €19 (about $20.75) for each kilogram, the price spikes to about €18,734 ($20,456.78) for each kilogram when societal costs are factored in.
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“There are so many industry voices that are opposing the PFAS ban and they are using the ‘essential use’ concept as an excuse: ‘We cannot ban PFAS or everything will sink and go under,’” [ChemSec’s communications director Peter Pierrou] said. “The parts that are ‘essential’ are really minor and there are so many uses we could do without.”
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