One mile on bike is a 42¢ economic gain to society, a mile driving is a 20¢ loss
15 days ago
- #health economics
- #urban planning
- #cycling
- Copenhagen's Bicycle Account shows a net social gain of DKK 1.22 per cycled kilometer, compared to a loss of DKK 0.69 per car kilometer.
- Cycling in Copenhagen provides a net economic gain of 42 cents per mile traveled.
- Social gains from cycling include transport costs, security, comfort, branding/tourism, transport times, and health benefits.
- Cycling reduces health costs, with residents' habits saving DKK 5.51 per km, totaling DKK 2.0 billion annually.
- Copenhagen saves $357 million yearly on health costs, equating to $300 per person, due to high bicycle commuting rates.
- The Danish minister of the interior prefers investing in cycle tracks over freeways due to their positive return.