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View Diary: Windfall: Making a Profit from Global Warming (43 comments)

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  •  I mean that any fuel (or other activity) (0+ / 0-)

    needs to consider all of the impacts that it creates, when evaluating the cost of the fuel. For example, resulting pollution needs to be accounted as part of the cost of fuel combustion.

    This goes beyond social cost of carbon - for example, coal fuel electric power causes health effects equal to at least to its currently recognized cost as fuel.

    I wrote about total cost accounting here: Cause of Death: Accounting Error

    •  JW - the challenge is that those other "costs" (1+ / 0-)
      Recommended by:
      James Wells

      are subject to various interpretations and tend to be driven by politics, rather than universally accepted facts. The Western Europeans, who price gasoline at about twice the US, bake those other costs, using very high taxes, into the retail price of gasoline and some other fossil fuels. Because a century ago the US was the Saudi Arabia of the world Americans feel entitled to cheap gasoline going back four of five generations. That's a difficult cultural history to overcome from a political perspective. Since the oil embargos of the 70s I have advocated that we should have changed the federal tax on gasoline so that it increased steadily over time and those funds could have been used for rapid transit and transportation infrastructure. There is no political consensus to raise the federal gasoline tax, even from Democrats.  

      "let's talk about that"

      by VClib on Sat Apr 19, 2014 at 09:22:39 PM PDT

      [ Parent ]

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