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« Nothing to hide? | Main | Coke settles benzene lawsuit »

Subsidies for dirty energy

May 15, 2007

coal-pollution.jpgAccording to the Washington Post, a New Deal program intended to spur investment in rural electricity production in the 1930s continues to shell out billions in low-interest loans for building coal-fired power plants. Though some have tried to eliminate the antiquated subsidy under the argument that most rural areas in the States now have easy access to electricity, the program has proven quite resilient. The National Rural Electric Cooperative Association insists that cheap loans will help to keep electric rates affordable in rural regions, warning that any congressional action that jacks up energy prices could result in political suicide.

At the same time, concern over global warming has pressured lawmakers to search for solutions. Investment in coal power will only increase US greenhouse gas emissions, and could offset the positive effects of new vehicle efficiency measures.

Yes, subsidizing dirty energy will reduce electric bills—but at what cost? Our health suffers from mercury, particulate matter, and other pollutants spewed out of smokestacks, leading to higher medical bills and a lower quality of life. Our planet suffers from carbon dioxide emissions that contribute to the economic and social consequences of climate change. Acid rain produced by sulfur dioxide and nitrogen oxide emissions speed the deterioration of buildings and paint, pollute soil and water sources, decrease visibility, and damage human health. Finally, subsidizing coal costs taxpayer dollars; it’s a program that I definitely don’t want my tax money going to support.

If we really want to build an efficient energy infrastructure, we need to start looking at the true cost of our actions rather than the number of cents per kilowatt. The latter figure dismisses the hugely expensive consequences of cheap and dirty energy production.

« Nothing to hide? |