Coal is the enemy of the human race 2

The Economist noted as early as 2002 that coal is the environmental enemy number one. Yet, it is still used a lot to generate electricity at cheap prices. But this doesn’t even make economic sense.

To Grist : Electricity from coal imposes more damages on the U.S. economy than the electricity is worth. That’s right: Coal-fired power is a net value-subtracting industry.”

As a matter of facts, coal costs the US economy $53 billion per year in gross external damages (GED). How much does it cost globally ? That would be interesting to know !

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