Counting the hidden ($120 billion) cost of US energy economy
One of the biggest challenges of evaluating and planning the energy economy is the existence of what economists call externalities, or externalized costs. Any activity that causes damage to the environment and its inhabitants, such as running a large coal plant, exacts a price from society as a whole that doesn’t get charged to either the utilities or their customers, but can show up in other costs, such as healthcare bills. In order to get a better sense of of the externalities associated with the US energy economy, Congress asked the National Academies of Science to estimate their dollar value for electricity, transport, and heating.
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Counting the hidden ($120 billion) cost of US energy economy
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