By: Ferit Ucar
At Environmental Defense Fund (EDF), we understand that market forces can drive either a healthy environment – or harmful pollution. I recently wrote about how generating electricity often creates pollution, which comes with environmental and health costs that are usually not paid for by the polluters. That’s why EDF works to identify and correct market failures, like the failure to understand – as well as account for – all of the costs pollution imposes on society.
The Energy Institute at the University of Texas at Austin (UT) just released a useful tool in that pursuit: a study that aims to capture the full cost of new electric power generation – including environmental and public health costs – on a county-by-county basis in the United States. The study evolves traditional ways of estimating new generation costs by 1) incorporating pollution costs, and 2) breaking data down to the county level.
The results show economics are leading the U.S. to a cleaner energy economy, in which there is no role for new coal plants. Let’s break it down. Read More