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| My small cool bell on the bike |
“When all these factors are added together the net social gain is DKK 1.22 per cycled kilometer. For purposes of comparison there is a net social loss of DKK 0.69 per kilometer driven by car.” 1.22 Danish crowns is about 25 cents and a kilometer is 6/10 of a mile, so we are talking about a net economic gain to society of 42 cents for every bicycle mile traveled. That’s a good number to have in your back pocket.
A number of factors are included in the equation such as transport costs, security, comfort, branding/tourism, transport times and health.
Since the total health benefit of Copenhagen residents’ healthy cycling habits is DKK 5.51 per km, the annual benefit is worth the equivalent of approx. DKK 2.0 billion.
Which means that Copenhagen, a city of 1.2 million people, saves $357 million a year on health costs because something like 80 percent of its population commutes by bicycle, even in winter. That’s $300 per person per year. Clearly, the reason the new Danish minister of the interior said she’d “rather invest in cycle tracks than freeways,” is that only one of those has a positive return.
