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by rayiner
4262 days ago
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A Harvard study a few years ago found the externalized cost of coal to be about $350 billion per year in the U.S. alone: http://www.reuters.com/article/2011/02/16/usa-coal-study-idU.... You can't have your cake and eat it too. If you want to bring government subsidies for renewable into the discussion, you also have to consider the externalized cost of legalized pollution. The only defensible calculation is to look at cost per kilowatt hour excluding government subsidies and including externalized costs. That's the true economic cost of the energy source. And coal is miserable on that front. I wouldn't be surprised if coal use is a net loss to the economy (i.e. the value of the energy generated by coal is less than the environmental cost of coal use). |
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That doesn't make any sense. Net loss to the economy? If you were to say a net loss overall, including environmental costs, I might agree.