Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects. Many of these negative effects are not reflected in energy market prices. When market failures like this occur, there may be a case for government interventions in the form of regulations, taxes, fees, tradable permits, or other instruments that will motivate recognition of these external or hidden costs. The Hidden Costs of Energy defines and evaluates key external costs and benefits that are associated with the production, distribution, and use of energy, but are not reflected in market prices. The damage estimates presented are substantial and reflect damages from air pollution associated with electricity generation, motor vehicle transportation, and heat generation. The book also considers other effects not quantified in dollar amounts, such as damages from climate change, effects of some air pollutants such as mercury, and risks to national security. While not a comprehensive guide to policy, this analysis indicates that major initiatives to further reduce other emissions, improve energy efficiency, or shift to a cleaner electricity generating mix could substantially reduce the damages of external effects. A first step in minimizing the adverse consequences of new energy technologies is to better understand these external effects and damages. The Hidden Costs of Energy will therefore be a vital informational tool for government policy makers, scientists, and economists in even the earliest stages of research and development on energy technologies.May 2008 [online]. ... Available: http://web.mit.edu/sloan-auto-lab/research/ beforeh2/otr2035/ [accessed April 20, 2009]. Barbose ... A Survey of Utility Experience with Real Time Pricing. ... Available: http://ostseis.anl.gov/guide/index .cfm [accessed Apr. 9, 2009]. ... U.S. Depart- ment of Labor, Bureau of Labor Statistics [online].
|Title||:||Hidden Costs of Energy:|
|Author||:||Committee on Health, Environmental, and Other External Costs and Benefits of Energy Production and Consumption, Board on Environmental Studies and Toxicology, Board on Energy and Environmental Systems, Board on Science, Technology, and Economic Policy, Division on Earth and Life Studies, Division on Engineering and Physical Sciences, Policy and Global Affairs, National Research Council|
|Publisher||:||National Academies Press - 2010-05-26|