Study – Energy costs much more than consumers pay

And plug-ins don’t help much if coal-powered Some great information coming out of the “ Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use ” study completed by the National Research Council for Congress. Essentially, America’s energy paradigm costs Americans MUCH more than what we pay at the gas pump our in our utility bills. In 2005, for instance, America’s ‘hidden’ costs of energy production added an extra $120 billion in health costs, not including “damages from climate change, harm to ecosystems, effects of some air pollutants such as mercury, and risks to national security, which the report examines but does not monetize.” So, in reality, the costs are even far greater, and converting to grid-powered plug-in vehicles is no quick fix, at least in terms of health costs. “Electric vehicles and grid-dependent (plug-in) hybrid vehicles showed somewhat higher nonclimate damages than many other technologies for both 2005 and 2030. Operating these vehicles produces few or no emissions, but producing the electricity to power them currently relies heavily on fossil fuels; also, energy used in creating the battery and electric motor adds up to 20% to the manufacturing part of life-cycle damages.” Of course, if national security costs had been monetized, then some of these health costs would be negated. Consequently, the reports suggests that, “major initiatives to further reduce other emissions, improve energy efficiency, or shift to a cleaner electricity-generating mix (e.g., renewables, natural gas, nuclear) could substantially reduce external effects’ damages, including those from grid-dependent hybrid and electric vehicles.”

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Study – Energy costs much more than consumers pay