Localized Environmental Pricing of Noise Pollution in Iran

Noise pollution has detrimental negative externalities which Scholars have attempted to evaluate the noise externalities economically, but environmental pricing has not been considerably applied to assess economically noise pollution. The present research aims to quantify the economic cost of noise pollution using the environmental pricing framework proposed by the Delft University. To realize environmental pricing frameworks, this study estimates the costs of noise pollution in the area of Tehran metropolitan. The study attempts to apply the environmental prices framework to local conditions with the assistance of GDP and Gini coefficient. The results demonstrate that the Localized Environmental Prices (LEP) mechanism is capable of internalizing environmental prices. The research indicates that LEP demonstrates the significance of noise pollution necessity to reduction. The results of present investigation show that the sum of environmental prices for noise pollution at Tehran is 56271911 €/year. It also offers a useful foundation for planners and policymakers to make more rational decisions.