Negative externalities

Fossil fuels are abundant. So what ?

Last week on Cleantechies, an article caught my attention. Titled ” What if We Never Run Out of Oil? “. The article made me think and I have to say I got quite mad at it as it is promoting fossil fiels just because they they are abundant. They might be, and they can be considered …

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It is time for a global price on carbon

It seems more and more countries around the world are willing to put a price on carbon as the evidence of carbon dioxide fueled climate change is more than overwhelming. Indeed, extreme weather events are heating all continents, all countries, all regions. France thought about it in 2009 and retracted. The Emission Trading Scheme in Europe …

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Coal is the enemy of the human race

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 …

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Coal costs the United States $500 billion each year

It made the headlights last week on practically all environmental websites. The hidden costs – the negative externalities if you prefer – of coal are of 500 billion Dollars per year for the United States alone. Yes, you read it right : burning coal costs the country half a trillion dollar on health costs, premature …

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