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Glossary Wind Energy / Term

Value of Statistical Life

(VSL) VSL is an approach that measures a society’s willingness to pay to avoid additional cases of death. This can be seen in spending for improved safety in the aircraft or car industry. In the EU and the US, values of between one and 10 million US$ or € per life saved have been found in different studies. Earlier versions of the ExternE project adopted a figure of US$3 million per life saved for VSL calculations. In these calculations the age of a person saved does not matter.

Permanent link Value of Statistical Life - Creation date 2023-02-21


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