Tuesday, October 4, 2011

Are you angry yet?

Solid waste combustion, sewage treatment, stone quarrying, marinas, and oil and coal-fired power plants have air pollution damages larger than their value added. The largest industrial contributor to external costs is coal-fired electric generation, whose damages range from 0.8 to 5.6 times value added

Environmental Accounting for Pollution in the United States Economy

HT TreeHugger via twitter

The findings show that, contrary to current political mythology, coal is underregulated. On average, the harm produced by burning the coal is over twice as high as the market price of the electricity. In other words, some of the electricity production would flunk a cost-benefit analysis. This means that we’re either not using enough pollution controls or we’re just overusing coal as a fuel. Here’s a bit of a shocker: “Coal plants are responsible for more than one-fourth of GED [gross external damages] from the entire US economy.”

Accounting for The Harm of Coal

More here Coal is the enemy of the human race, mainstream economics edition

But you, I and Mother Nature pay these costs, while Big Coal pockets profits. Are you angry yet?

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