Science News
from research organizations

Closer look reveals true cost of coal

Date:
September 17, 2015
Source:
American Association for the Advancement of Science
Summary:
The cost of coal use is greater than it seems and policies geared toward subsidizing its use must be reformed quickly, before countries invest in coal-fired plants.
Share:
FULL STORY

The cost of coal use is greater than it seems and policies geared toward subsidizing its use must be reformed quickly, before countries invest in coal-fired plants, Ottmar Edenhofer argues in this Perspective. The costs of generating electricity from wind and solar power have declined substantially in recent years, but coal still remains the cheaper option.

Some major emitters such as China and the US have pledged to reduce their dependence on fossil fuels over the next few decades to mitigate climate change -- yet this will only cause world market coal prices drop, making coal more appealing to developing countries that are only now beginning to invest in long-term energy infrastructure.

Yet this will only make world market coal prices drop, making coal more appealing to developing countries that are only now beginning to invest in long-term energy infrastructure. But what is the true cost of coal?

As Edenhofer points out, governments around the world heavily subsidize fossil fuels, and in 2013 pretax subsidies amounted to about $550 billion US worldwide. These substantial subsidies not only drain funds that could be used for other purposes, such as sanitation and poverty reduction, but discourage investments in low-carbon alternatives.

Furthermore, a recent report by the International Monetary Fund quantifies substantial additional costs of burning fossil fuels, such as local air pollution and other adverse side effects of vehicle use. Thus, the cost of coal usage can be deceptively low, and understanding the true costs -- before long-term energy infrastructure is built -- is essential, Edenhofer concludes.


Story Source:

Materials provided by American Association for the Advancement of Science. Note: Content may be edited for style and length.


Journal Reference:

  1. O. Edenhofer. King Coal and the queen of subsidies. Science, 2015; 349 (6254): 1286 DOI: 10.1126/science.aad0674

Cite This Page:

American Association for the Advancement of Science. "Closer look reveals true cost of coal." ScienceDaily. ScienceDaily, 17 September 2015. <www.sciencedaily.com/releases/2015/09/150917160048.htm>.
American Association for the Advancement of Science. (2015, September 17). Closer look reveals true cost of coal. ScienceDaily. Retrieved May 23, 2017 from www.sciencedaily.com/releases/2015/09/150917160048.htm
American Association for the Advancement of Science. "Closer look reveals true cost of coal." ScienceDaily. www.sciencedaily.com/releases/2015/09/150917160048.htm (accessed May 23, 2017).

RELATED STORIES