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If coal plants produce 50$ in unaccounted externalities for every 1MWh they produce, is it fair to any of us to allow them not to have to pay for it's mitigatio
by scsilver 6y ago
If coal plants produce 50$ in unaccounted externalities for every 1MWh they produce, is it fair to any of us to allow them not to have to pay for it's mitigation?
- DesiLurker 6y agothats a good point, I'd argue given that CO2 concentration in atmosphere is a public bad (as in taking ability to sustain life out of 'common biosphere'), the cost to remove it on a per unit basis represents a good measure of externalized costs of unmitigated pollution (just co2, ignoring other pollutants for the moment). this is doubly good because it provides a great incentive for the free market to minimize the costs of CO2 sequestration and hopefully will let us hit the knee of the optimization curve asap.