‘We’re making decisions based on misleading costs’
FRISCO — The costs of burning fossil fuels are much higher than official estimates when the environmental and human health toll is factored into the equation, according to Duke University scientists who took a close look at the numbers and published their findings in the journal Climatic Change.
When those costs are factored in, a gallon of gasoline costs about $3.80 more than the pump price. The social cost of a gallon of diesel is about $4.80 more than the pump price; the price of natural gas more than doubles; and coal-fired electricity more than quadruples. Solar and wind power, on the other hand, become cheaper than they initially seem. Continue reading