Thursday 28 June 2012
Coal is the enemy of the human race, mainstream economics edition ☀
Once you strip away the econ jargon, the paper finds that, on the margin, electricity from coal imposes more damages on the U.S. economy than the electricity is worth. That’s right: The next coal-fired power plant is a net value-subtraction. A parasite, you might say, that will enrich a few executives and shareholders at the public’s expense.
