Growth

Rich and Co.

“…burning coal is the cheapest way to produce electricity. But,…that is only because its cost does not truly reflect reality.”

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two main reasons why the cost of using coal is understated. The first is because of governments subsidizing coal and other fossil fuels by allowing them to be sold in domestic markets below market prices. The other is because of governments ignoring other costs associated with the use of coal

…if the true costs of coal use were used in decision-making, that its cost would climb higher than that for renewable resources such as solar and wind…keeping coal use prices artificially down now, is very likely to cause much bigger problems for the world later.

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Written by Rich and Co.

September 19, 2015 at 7:11 pm

Posted in Uncategorized

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