1. Here we have a huge case of economic spillover or "negative externalities," as economists like to call it, for when an economic decision costs society more than its private or "market" cost does. Innocent children end up paying for it; and then later, their innocent crime victims.2. We have a lurking danger in our urban areas among populations least equipped to clean it up. The cost of a real, nationwide cleanup of houses with lead paint, lead pipes, and urban topsoil would be $20 billion per year for 20 years! However, MJ argues that the benefits in lower crime rates could be $200 billion per year, or a 20-to-1 return on investment.3. Trying to clean this stuff up in the wrong way can make it worse, spreading lead dust that is currently "locked" into lead-based paint or up to 6 inches of urban topsoil.4. This theory explains, at least partially, why murder rates in cities are always higher than in smaller towns... but also why the crime rates in big cities everywhere have been going down, down since the 1990s.
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Sunday, January 6, 2013
BOMBSHELL: Lead to blame for ADHD, urban crime and low IQ
Monday, October 24, 2011
Krugman: GOP's jobs plan is to pollute more
Tuesday, July 13, 2010
Fish getting high on our pee
Wednesday, October 21, 2009
Study: Coal electricity hides $62 B in costs per year
By David Roberts
October 20, 2009 Grist.org
A new report from the National Research Council on the "hidden costs of energy" is, frankly, stunning. In a sane world, it would be headline news.
Producing and using energy imposes all sorts of costs on public health, crop yields, ecosystems, recreation, educational performance ... the list goes on. Many of these costs don't end up reflected in the market price of energy; consumers don't see them or factor them into purchasing decisions. They are hidden, paid indirectly through, for example, health-care spending or environmental-remediation costs. Such costs are external to energy markets—externalities, as economists call them—and they represent an enormous subsidy to the dirtiest sources of energy.
I'm always left somewhat dissatisfied by discussions about externalities. People seem to imagine them as external in some sort of metaphysical way, as though the costs inhabit an immaterial and weightless ether. ("Social" costs, they're sometimes called.) But costs are costs. Someone pays them, with real money. They dampen economic productivity, like driving with one foot pressing the brake.
In 2005, Congress set about finding out just what these external costs of energy production and use amount to. It requested that the National Research Council (part of the National Academy of Science) attempt to place a number on them. On Monday, the NRC released its report: "Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use."
First, note that the report did not attempt to quantify the damage to ecosystems and agriculture wrought by climate change. It did not attempt to quantify the national security costs of securing energy supplies. It did not attempt to quantify the land-use costs of biofuels. It didn't attempt to quantify the costs of mercury pollution, which as Bill Chameides documents, are substantial. It didn't attempt to quantify the impact on taxpayers that subsidies to the coal industry impose.
So a huge chunk of costs were written out, meaning the results are extremely small-c conservative. Nonetheless, the NRC found that hidden costs amounted to $120 billion in 2005.
Of that $120 billion, a whopping $62 billion—over half—came from one source: coal-fired electricity plants. And that's only a partial accounting, as Ken Ward Jr. reports:
Maureen L. Cropper, a panel member and professor of economics at the University of Maryland, noted that the study also did not examine "upstream" costs of coal-fired power—such as damage from mountaintop removal mining— or "harm to ecosystems" from other impacts, such as disposal of toxic power plant ash.
If MTR mining, ash disposal, mercury emissions, market-distorting subsidies, and climate damage were taken into account, how much farther do you think coal's costs would rise, in both absolute and relative terms?
Remember this report the next time you hear that "coal is cheap."
Sunday, August 23, 2009
Carbon Disclosure Project
Friday, April 24, 2009
U.S. trails China, EU in green investments
By Ben Furnas
April 20, 2009 | Center for American Progress
A February analysis by HSBC Global Research in Hong Kong projects that nearly 40 percent of China's proposed $586 billion stimulus plan—$221 billion over two years—is going toward public investment in renewable energy, low-carbon vehicles, high-speed rail, an advanced electric grid, efficiency improvements, and other water-treatment and pollution controls. This stimulus is on top of historic levels of government spending and private investment in renewable technology, energy efficiency, and low-carbon growth all across China. The upshot: China, according to a recent analysis, is "the largest alternative energy producer in the world in terms of installed generating capacity."
This massive stimulus plan will spend over 3 percent of China's 2008 gross domestic product annually in 2009 and 2010 on green investments—more than six times America's green stimulus spending as a percentage of our respective economies. This is about $12.6 million every hour over the next two years. In the United States, the American Recovery and Reinvestment Act invests $112 billion in comparable green priorities over the next two years, about half as much as China, according to HSBC. This represents less than half of one percent of our 2008 gross domestic product.
President Barack Obama has proposed additional public investment in renewable energy research of $15 billion annually, paid for by charging dirty energy corporations for their pollution. While this would amount to just one tenth of one percent of America's 2008 GDP, it would be a good start. With this money, the United States would finally join China and dozens of other nations across the world in providing public investment for renewable energy, including Japan, Germany, Canada, France, South Korea, Denmark, and Spain.
[By contrast,] in a series of energy bills in 2001, 2003, and 2005, the Bush administration plowed billions of dollars into dirty energy—oil, coal, and nuclear—while neglecting clean renewable energy industries. The 2001 energy bill gave 80 percent of its value to tax breaks for oil, gas, nuclear, and coal companies. The 2003 energy bill, drafted in secret with Vice President Dick Cheney and members of the oil, gas, coal, and electric industries, gave $23.5 billion to dirty energy and loosened environmental regulations. Finally, while the 2005 bill contained a token level of investment in renewable energy, it also provided even more support for dirty energy, offering $27 billion in subsidies for coal, oil, and nuclear energy.
But as the Bush administration doubled down on the energy of the past, nations across the world invested in the future. Japan, China, and European countries zoomed past the United States, with a combination of dirty energy regulations, public investments, and private market incentives.
In 2006, according to the most recent data from the Renewable Energy Policy Network, the United States, the world's largest economy, invested less in new capacity for renewable energy than either the EU-25 or China. In fact, according to the most recent data, the entire United States invests less in renewable energy per year than the country of Germany, which boasts less than one-third the population of the United States and an economy less than one-fourth our size.
The imperative for renewable sources of energy, energy efficiency, and green transportation and power infrastructure is clear. And yet, we continue to neglect these priorities while plowing tens of billions of dollars of subsidies into polluting and wildly profitable oil and gas companies that create far fewer jobs and exacerbate global warming.
President Obama's energy plan would eliminate $30 billion in giveaways to oil and gas companies and make polluting energy companies pay for their global warming pollution in order to invest in renewable energy infrastructure and cut taxes for 95 percent of working American families. This is the way to go.