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Preliminary Estimates Of Cumulative Private And External Costs Of Energy

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  • DARWIN C. HALL

Abstract

This is a summary comparison and “first rough cut” cumulation of recent estimates regarding private and external costs of energy. The estimates of external costs take into consideration damage to health and property caused by air pollution from coal, oil, and gas; damage caused by acid rain from coal, and costs of reducing acid rain; costs of delaying global warming caused by carbon dioxide from coal, oil, and gas; national security costs of importing oil, and benefits of oil security; national security costs of minimizing damage from terrorist attacks on nuclear power plants; insurance subsidies for nuclear accidents; storage of nuclear waste; loss of nuclear reactors from accidents and safety risks; and benefits from additional nuclear safety requirements. The estimates of private costs focus on nuclear plants, coal, oil, gas, conservation, wind, solar power plants, and geothermal steam.

Suggested Citation

  • Darwin C. Hall, 1990. "Preliminary Estimates Of Cumulative Private And External Costs Of Energy," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 283-307, July.
    • Handle: RePEc:bla:coecpo:v:8:y:1990:i:3:p:283-307
    DOI: 10.1111/j.1465-7287.1990.tb00658.x
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    References listed on IDEAS

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    1. GERALD R. BEMIS & MICHAEL DoANGELIS, 1990. "Levelized Cost Of Electricity Generation Technologies," Contemporary Economic Policy, Western Economic Association International, vol. 8(3), pages 200-214, July.
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    Citations

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    Cited by:

    1. Krupnick, Alan J. & Burtraw, Dallas, 1996. "The social costs of electricity: Do the numbers add up?," Resource and Energy Economics, Elsevier, vol. 18(4), pages 423-466, December.
    2. Mahapatra, Diptiranjan & Shukla, Priyadarshi & Dhar, Subash, 2012. "External cost of coal based electricity generation: A tale of Ahmedabad city," Energy Policy, Elsevier, vol. 49(C), pages 253-265.
    3. Thomas S. Fiddaman, 2002. "Exploring policy options with a behavioral climate–economy model," System Dynamics Review, System Dynamics Society, vol. 18(2), pages 243-267, June.
    4. Stephen P. A. Brown & Hillard G. Huntington, 1998. "Some implications of increased cooperation in world oil conservation," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q II, pages 2-9.
    5. Lingling Wang & Tsunemi Watanabe & Zhiwei Xu, 2015. "Monetization of External Costs Using Lifecycle Analysis—A Comparative Case Study of Coal-Fired and Biomass Power Plants in Northeast China," Energies, MDPI, vol. 8(2), pages 1-28, February.
    6. Sundqvist, Thomas, 2004. "What causes the disparity of electricity externality estimates?," Energy Policy, Elsevier, vol. 32(15), pages 1753-1766, October.
    7. Stephen P. A. Brown & Hillard G. Huntington, 1994. "The Economic Cost Of U.S. Oil Conservation," Contemporary Economic Policy, Western Economic Association International, vol. 12(3), pages 42-53, July.
    8. VINAYAK Bhattacharjee & CHARLES J. Cicchetti & WILLIAM F. Rankin, 1993. "Energy Utilities, Conservation, And Economic Efficiency," Contemporary Economic Policy, Western Economic Association International, vol. 11(1), pages 69-75, January.
    9. Brown, Stephen P.A. & Huntington, Hillard G., 2015. "Evaluating U.S. oil security and import reliance," Energy Policy, Elsevier, vol. 79(C), pages 9-22.
    10. William B. O'Neil & Doria Polan�a, 1993. "Impacto de un impuesto al carbono en el sector energético," Coyuntura Económica, Fedesarrollo, vol. 23(4), pages 123-135.
    11. Stephen P. A. Brown, 1998. "Global warming policy: some economic implications," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 26-35.
    12. Darwin Hall, 1992. "Social cost of CO 2 abatement from energy efficiency and solar power in the United States," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 2(5), pages 491-512, September.
    13. Hall, Darwin C., 1998. "Albedo and vegetation demand-side management options for warm climates," Ecological Economics, Elsevier, vol. 24(1), pages 31-45, January.

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