{"id":107,"date":"2012-09-26T06:02:53","date_gmt":"2012-09-26T06:02:53","guid":{"rendered":"http:\/\/www.themodestproposal.com\/?p=107"},"modified":"2012-10-09T13:52:00","modified_gmt":"2012-10-09T18:52:00","slug":"hidden-costs-of-energy-unpriced-consequences-of-energy-production-and-use","status":"publish","type":"post","link":"http:\/\/www.themodestproposal.com\/?p=107","title":{"rendered":"Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use"},"content":{"rendered":"<div class=\"twttr_buttons\"><div class=\"twttr_twitter\">\n\t\t\t\t\t<a href=\"http:\/\/twitter.com\/share?text=Hidden+Costs+of+Energy%3A+Unpriced+Consequences+of+Energy+Production+and+Use\" class=\"twitter-share-button\" data-via=\"\" data-hashtags=\"\"  data-size=\"default\" data-url=\"http:\/\/www.themodestproposal.com\/?p=107\"  data-related=\"\" target=\"_blank\">Tweet<\/a>\n\t\t\t\t<\/div><\/div><p>This report by the National\u00a0Academies examining the externalized\/societal costs of energy production\u00a0was originally requested by Congress\u00a0\u00a0in the 2005 Energy Bill. \u00a0It 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 \u00a0costs in my <a title=\"Market Failure: The Case Against Unfettered Markets\" href=\"http:\/\/www.themodestproposal.com\/?page_id=131\">Framework Series article on the topic of Market Failure<\/a>.<\/p>\n<p>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 electric bills. \u00a0This amounts to a 3.2 cent per kWh hidden subsidy we pay for coal power, much larger than the 2.0 cent per kWh subsidy for wind power Republicans have been blocking (in the form of the wind Production Tax Credit). \u00a0Again, this does not include any analysis of the global warming costs of coal&#8230;this kind of analysis really exposes the fallacy in arguments that call for letting the market decide which energy sources win or lose, because the market in this case is failing to correctly include all of the costs of energy production, which is instead being externalized to society.<\/p>\n<p><!-- Start NAP Book Display --><br \/>\n<object id=\"napbookwrapper\" width=\"175\" height=\"250\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\" align=\"middle\" bgcolor=\"#ffffff\"><param name=\"allowScriptAccess\" value=\"always\" \/><param name=\"quality\" value=\"high\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"flashvars\" value=\"wid=70112971002012092613839&amp;record_id=12794\" \/><param name=\"src\" value=\"http:\/\/www.nap.edu\/napbookwrapper.swf\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"allowfullscreen\" value=\"false\" \/><param name=\"pluginspage\" value=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" \/><embed id=\"napbookwrapper\" width=\"175\" height=\"250\" type=\"application\/x-shockwave-flash\" src=\"http:\/\/www.nap.edu\/napbookwrapper.swf\" allowScriptAccess=\"always\" quality=\"high\" wmode=\"transparent\" flashvars=\"wid=70112971002012092613839&amp;record_id=12794\" allowscriptaccess=\"always\" allowfullscreen=\"false\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" align=\"middle\" bgcolor=\"#ffffff\" \/><\/object><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This report by the National\u00a0Academies examining the externalized\/societal costs of energy production\u00a0was originally requested by Congress\u00a0\u00a0in the 2005 Energy Bill. \u00a0It 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 \u00a0costs 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 \u2026 <a href=\"http:\/\/www.themodestproposal.com\/?p=107\"> Continue reading this post <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20,19,22,23,21],"class_list":["post-107","post","type-post","status-publish","format-standard","hentry","category-energy_policy_economics","tag-economics","tag-energy","tag-externalities","tag-market-failure","tag-pollution"],"_links":{"self":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107"}],"version-history":[{"count":7,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/107\/revisions"}],"predecessor-version":[{"id":109,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/107\/revisions\/109"}],"wp:attachment":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}