Preferred citation: Paul R. Epstein, Jonathan J. Buonocore, Kevin Eckerle, Michael Hendryx, Benjamin M. Stout III, Richard Heinberg, Richard W. Clapp, Beverly May, Nancy L. Reinhart, Melissa M. Ahern, Samir K. Doshi, and Leslie Glustrom. 2011. Full cost accounting for the life cycle of coal in “Ecological Economics Reviews.” Robert Costanza, Karin Limburg & Ida Kubiszewski, Eds. Ann. N.Y. Acad. Sci. 1219: 73–98.
Full cost accounting for the life cycle of coal
Version of Record online: 17 FEB 2011
© 2011 New York Academy of Sciences
Annals of the New York Academy of Sciences
Volume 1219, Ecological Economics Reviews pages 73–98, February 2011
How to Cite
Epstein, P. R., Buonocore, J. J., Eckerle, K., Hendryx, M., Stout III, B. M., Heinberg, R., Clapp, R. W., May, B., Reinhart, N. L., Ahern, M. M., Doshi, S. K. and Glustrom, L. (2011), Full cost accounting for the life cycle of coal. Annals of the New York Academy of Sciences, 1219: 73–98. doi: 10.1111/j.1749-6632.2010.05890.x
- Issue online: 17 FEB 2011
- Version of Record online: 17 FEB 2011
- environmental impacts;
- human and wildlife health consequences;
- carbon capture and storage;
- climate change
Each stage in the life cycle of coal—extraction, transport, processing, and combustion—generates a waste stream and carries multiple hazards for health and the environment. These costs are external to the coal industry and are thus often considered “externalities.” We estimate that the life cycle effects of coal and the waste stream generated are costing the U.S. public a third to over one-half of a trillion dollars annually. Many of these so-called externalities are, moreover, cumulative. Accounting for the damages conservatively doubles to triples the price of electricity from coal per kWh generated, making wind, solar, and other forms of nonfossil fuel power generation, along with investments in efficiency and electricity conservation methods, economically competitive. We focus on Appalachia, though coal is mined in other regions of the United States and is burned throughout the world.