Navigation Links
US underestimates costs of carbon pollution and climate change
Date:9/17/2012

The U.S. federal government is significantly underestimating the costs of carbon pollution because it is using a faulty analytical model, according to a new study published in the Journal of Environmental Studies and Sciences.

A more appropriate accounting of costs would pave the way to cleaner, more economically efficient sources of power generation, the study found.

"This is a wake-up call for America to start aggressively investing in low carbon sources of energy. The very real economic benefits will accrue quickly and increase over time," said Dr. Laurie Johnson, chief economist in the climate and clean air program at the Natural Resources Defense Council.

"With approximately 40 percent of all carbon emissions in the U.S. coming from power plants, the economic advantages of clean electricity sources are significant," she said.

Johnson, who co-authored the study (with Chris Hope of Judge Business School, University of Cambridge) "The Social Cost of Carbon in U.S. Regulatory Impact Analyses," said the model used by the government is incomplete because it all but ignores the economic damages that climate change will inflict on future generations. That model was the product of an interagency task force comprised of six cabinet agencies and six executive branch offices.

The real benefits of carbon reduction range from 2.6 to more than 12 times higher than the government's estimate.

"It turns out that the price we now pay for energy is much higher than what shows up on our electric bills or the tab at the gas pump," Johnson said.

Without properly accounting for pollution costs, natural gas appears to be the cheapest generation option for new power plants. However, the revised estimates show that, after incorporating the economic costs of carbon and other pollutants from fossil fuel generation, building new generation using wind and solar power would be more cost effective than either natural gas or coal.

Supplementary analysis by one of the authors shows even greater gains from replacing existing coal plants with new wind and solar photovoltaic, or with new fossil fuel generation that has carbon capture and storage technology.

The country's existing coal fleet accounts for approximately 36 percent of all U.S. CO2 emissions and is responsible for virtually all power-sector sulfur dioxide emissions, which cause thousands of premature deaths every year, respiratory problems, heart disease, and a number of ecosystem damages.


'/>"/>

Contact: Joan Robinson
joan.robinson@springer.com
49-622-148-78130
Springer
Source:Eurekalert

Related biology news :

1. New NIH/NHGRI grants to harness nanoscale technologies to cut DNA sequencing costs
2. Clemson plant pathologist working to raise cucurbit yields, lower production costs
3. Cooled coal emissions would clean air and lower health and climate-change costs
4. New process doubles production of alternative fuel while slashing costs
5. Molecular economics: New computer models calculate systems-wide costs of gene expression
6. New materials could slash energy costs for CO2 capture
7. Tiny plants could cut costs, shrink environmental footprint
8. Increasing predator-friendly land can help farmers reduce costs
9. Costs for changing pollution criteria in Florida waters likely to exceed EPA estimates
10. Alpine glaciers contribute to carbon cycling
11. Researchers develop rapid method to measure carbon footprints
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/27/2017)... 27, 2017   Strategic Cyber Ventures , the ... led a $3.5 million investment in  Polarity , the ... Ventures is DC based and is led by cybersecurity ... . Ron Gula , also a longtime cybersecurity ... in this series A round of funding. This new ...
(Date:2/22/2017)... 2017 With the biometrics market to ... four technologies that innovative and agile startups must ... in the changing competitive landscape: multifactor authentication (MFA), ... "Companies can no longer afford to ... Dimitrios Pavlakis , Industry Analyst at ABI ...
(Date:2/16/2017)... FRANCISCO , Feb. 16, 2017  Genos, ... today announced that it has received Laboratory Accreditation ... CAP Accreditation is presented to laboratories that meet ... who demonstrate scientifically rigorous processes. "Genos ... excellence in laboratory practices. We,re honored to be ...
Breaking Biology News(10 mins):
(Date:3/28/2017)... ... March 28, 2017 , ... T3D ... a new orally administered treatment for Alzheimer’s disease (AD), today announced that Dr. ... “As we seek to uniquely treat the metabolic dysfunctions inherent in Alzheimer’s disease ...
(Date:3/27/2017)... March 27, 2017 Roka Bioscience, Inc. (NASDAQ: ROKA), ... for the detection of foodborne pathogens,  today announced that ... Company Spring 2017 Convention on March 29 at 9:50am ET. ... Marquis. About Roka Bioscience ... Roka Bioscience is ...
(Date:3/27/2017)... Properties (NYSE: CUZ ) announced today that Amgen, ... 10-year, approximately 125,000 square-foot lease at Corporate Center, a 1,224,000 ... submarket of Tampa, FL. ... for their new location in Tampa ," ... of Cousins Properties. "Amgen is a cutting-edge global company at ...
(Date:3/27/2017)... 2017 Infectex Ltd., a Russian portfolio company of Maxwell Biotech ... SQ109 added to the standard drug therapy regimen in patients with multidrug-resistant pulmonary tuberculosis ... ( USA ) and the US National Institutes of Health. ... ... Fund Logo ...
Breaking Biology Technology: