So anything that adds to the cost of coal brings it closer to
the true economic cost.
«Mining is difficult and I think everyone underestimates
the true economic costs of extracting a unit of whatever it is, in this case an ounce of gold, and replacing it with an ounce you can take out of the ground next year.
Not exact matches
And when that happens, radical ideas, like
economic paradigm shifts and movement toward
true -
cost markets — ideas that people easily dismiss right now — will suddenly become possible.
About 500 scientists from 67 countries were gathering at the conference with the title «Counting the
true costs of climate change» to push climate impact research to the next level by better integrating socio -
economic factors.
Setting aside any advocacy commentary around these points I think he misses the
true economic sources of
cost here.
If you include the
true ecological and
economic costs of U.S. energy policy (including military expenditures) in the fossil fuel bill, that is even more obvious:
Until the free market is made to bear the
true cost of fossil fuels, including all of the «externalities» (e.g. degradation of the commons including the immediate environment, climate change, medical
costs that we all bear through insurance premiums) there will be no
economic incentive to revamp transportation energy distribution.
It also makes
economic sense: All those reservoirs filling up with coal ash day after day are just problems waiting to happen, and if we're just waiting for catastrophes to happen before we do something, the
true cost of burning coal isn't being internalized properly; local citizens and people downstream of those rivers end up paying for it with their health and by losing their local environment (what if your family house was buried in potentially toxic sludge?).
It seems obvious, but the
economic calculation has to be reset to account for the environment — it is just incorrect, economically, to not have the
true cost to the environment, to world species, part of every equation.
Gasoline indirect
cost calculated based on International Center for Technology Assessment (ICTA), The Real Price of Gasoline, Report No. 3 (Washington, DC: 1998), p. 34, and updated using ICTA, Gasoline Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
cost calculated based on International Center for Technology Assessment (ICTA), The Real Price of Gasoline, Report No. 3 (Washington, DC: 1998), p. 34, and updated using ICTA, Gasoline
Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost Externalities Associated with Global Climate Change: An Update to CTA's Real Price of Gasoline Report (Washington, DC: September 2004), ICTA, Gasoline
Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost Externalities: Security and Protection Services: An Update to CTA's Real Price of Gasoline Report (Washington, DC: January 2005), Terry Tamminen, Lives Per Gallon: The
True Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issu
Cost of Our Oil Addiction (Washington, DC: Island Press, 2006), p. 60, and Bureau for
Economic Analysis, «Table 3 — Price Indices for Gross Domestic Product and Gross Domestic Purchases,» GDP and Other Major Series, 1929 — 2007 (Washington, DC: August 2007); U.S. Department of Energy (DOE), Energy Information Administration (EIA), This Week in Petroleum (Washington, DC: various issues).
The most direct method may be to shift away from the tried and
true method of
economic dispatch (satisfying electricity demand with the generators that can do it at lowest
cost) and adopting a new method of environmental dispatch.
By masking the
true cost of nuclear power, subsidies also allow the industry to exaggerate its
economic competitiveness; consequently, they diminish or delay support for more economical and less risky alternatives like energy efficiency and renewable energy.
Economic harm arguments made in opposition to Obama's climate plan, for instance, even if
true, both fail to recognize the ethical obligations that the United States has to not harm others through our ghg emissions and to acknowledge the
costs of not acting.
Researchers have tried to derive the
true social
costs of, for instance, fossil fuels and the
economic setbacks associated with specific climate events such as heat waves in single countries, or even the possible
costs in lives and income of multiple impacts across a continent.
The annual total of $ 1.5 million is claimed «
economic benefits» is equal to about 12.6 % of the $ 11.88 million in EXTRA
costs loaded on electric customers each year if the full,
true costs of the electricity from the «wind farm» were only $ 0.02 per kWh above the
cost of electricity from other sources (i.e., 594,206,000 kWh x $ 0.02 per kWh = $ 11,884,120).
This is particularly
true in the Southeast where most coal units operate at a higher
cost than cleaner energy options, causing them to fail our
economic stress test.»
Whether «The
True Cost of Coal» has succeeded in making this
economic argument remains to be seen.
«The EPA eschews at all
costs economic modeling that would verify the
true impacts of the regulatory agenda that now provides this country with the lowest workforce participation rate since the Carter Administration.
Our Disposable Planet The second part of the battle to get us away from bottled water, is our problem is our commitment to convenience, even to the denial of the
true environmental and
economic cost of that convenience.
Imagine an
economic vision where we incorporate a whole systems perspective, adequate physical and biological contexts (i.e. planetary carrying capacity considerations), accurate feedback systems (wherein pollution
costs are factored into the price of goods and services) thus better representing the actual (or
true)
costs of our activities.
There's not really room on TreeHugger to go into all the nuances of why these different visions of
economic planning have failed to protect Mother Earth from her rapacious creation known as homo sapiens doing its darndest to commit matricide, but the quick version is this: There has been no major
economic system to date that has properly valued the environment, incorporating the
true and full
costs of depleting natural resources into the price paid for those resources.
FThis cross-continent transport of food makes
economic sense only because the
true costs of such transport, including the big bill for its contribution to climate change, are not counted on the balance sheets of food corporations.
In «Make a carbon tax part of reform effort» (Concord Monitor, 9/19/11), Holtz - Eakin argues for comprehensive tax reform to include a carbon tax so that more of the «
true cost of burning a fossil fuel... in the form of air pollution, a negative impact on human health, harm to the environment or climate change [is a] component in
economic decisions [such as] include whether to invest in a coal - fired power plant or a wind farm.»
In these tough
economic times, with businesses obsessively focused on cutting
costs, this is
truer than ever.
These are
true cost savings, not just
economic transfers.