Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use
This report by the National Academies examining the externalized/societal costs of energy production was originally requested by Congress in the 2005 Energy Bill. It offers the most thorough attempt I have seen to try to quantify the costs we incur in addition to the price we pay for energy (I have written extensively on the topic of externalized/socialized costs in my Framework Series article on the topic of Market Failure. One key takeaway: looking only at the non-global warming costs of electricity production from coal, society pays 3.2 cents per kWh in hidden costs in addition to the price we pay on our … Continue reading this post
