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Climate News Network: Forget the price of petrol at the pumps. The true cost of any fossil fuel is much greater if social costs are factored in, according to new research.
A climate scientist in the US reports in Climatic Change journal that American motorists get a gallon of gasoline for at least $3.80 less than it really costs, and the price of coal-fired electricity would quadruple if consumers had to pay the real price. In contrast, solar and wind power are much cheaper than they might seem.
Professor Drew Shindell,......
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Prices Fail to Reflect Fossil Fuels’ Real Costs
Posted by Climate News Network: Tim Radford on March 8th, 2015
Posted in Water Conservation