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When the true costs of coal are not being paid by those that use coal based electricity the economy is already being disrupted. More coal than would be economic
by harryh 9y ago
When the true costs of coal are not being paid by those that use coal based electricity the economy is already being disrupted. More coal than would be economically efficient gets consumed because coal based electricity is artificially cheap. Implementing pigovian taxes repairs the existing disruption.
Do not fall prey to status quo bias!