Hidden Costs of Energy
National Research Council / Policy and Global Affairs / Board on Science, Technology, and Economic Policy / Division on Engineering and Physical Sciences / Board on Energy and Environmental Systems / Division on Earth and Life Studies / Board on Environmental Studies and Toxicology / Committee on Health, Environmental, and Other External Costs and Benefits of Energy Production and Consumption
Despite the many benefits of energy, most of which are reflected in energy market prices, the production, distribution, and use of energy causes negative effects. Many of these negative effects are not reflected in energy market prices. When market failures like this occur, there may be a case for government interventions in the form of regulations, taxes, fees, tradable permits, or other instruments that will motivate recognition of these ext...