Friday, July 30, 2010

Hidden Energy Production Costs

What is the Real Cost of Power Production?

Market prices don’t reflect hundreds of billions of dollars in hidden costs of energy production to human health and the environment, a National Research Council panel said in a report released today.

“There are many external effects of energy production and use,” said Jared Cohon, president of Carnegie Mellon University and chairman of the panel that wrote the report. “These are important because they can lead to distortions in decision making.”

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