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:6/20/2016)... Securus Technologies, a leading provider of ... safety, investigation, corrections and monitoring announced that after ... secured the final acceptance by all three (3) ... Systems (MAS) installed. Furthermore, Securus will have contracts ... by October, 2016. MAS distinguishes between legitimate wireless ...
(Date:6/9/2016)... attendance control systems is proud to announce the introduction of fingerprint attendance control software, ... employees are actually signing in, and to even control the opening of doors. ... ... ... Photo - http://photos.prnewswire.com/prnh/20160609/377487 ...
(Date:6/3/2016)... 3, 2016 Das ... Nepal hat ein 44 ... geprägter Kennzeichen, einschließlich Personalisierung, Registrierung und IT-Infrastruktur, ... Produktion und Implementierung von Identitätsmanagementlösungen. Zahlreiche renommierte ... Januar teilgenommen, aber Decatur wurde als konformste ...
Breaking Biology News(10 mins):
(Date:6/23/2016)...  The Prostate Cancer Foundation (PCF) is pleased to announce 24 ... for prostate cancer. Members of the Class of 2016 were selected from a ... Read More About the Class of 2016 PCF Young Investigators ... ... ...
(Date:6/23/2016)... 2016   EpiBiome , a precision microbiome engineering ... debt financing from Silicon Valley Bank (SVB). The financing ... advance its drug development efforts, as well as purchase ... "SVB has been an incredible strategic partner to us ... bank would provide," said Dr. Aeron Tynes Hammack ...
(Date:6/23/2016)... ... , ... STACS DNA Inc., the sample tracking software company, today announced that ... joined STACS DNA as a Field Application Specialist. , “I am thrilled that ... of STACS DNA. “In further expanding our capacity as a scientific integrator, Hays brings ...
(Date:6/23/2016)... 2016 Apellis Pharmaceuticals, Inc. today announced ... of its complement C3 inhibitor, APL-2. The trials ... dose studies designed to assess the safety, tolerability, ... in healthy adult volunteers. Forty subjects ... single dose (ranging from 45 to 1,440mg) or ...
Breaking Biology Technology: