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31 Mar
Hidden Costs of Energy: Unpriced Consequences of Energy Production and Use
Thursday, March 31, 2016
Resource Type : Research or Whitepaper
Topic : Tax Issues    Valuation, Analysis, BCA    
State : @Federal    
Author : National Academy of Sciences
Adoption Year : 2010
The purpose of this study was to define and evaluate external effects of energy production, use, and consumption, which refer to costs and benefits not taken into account in making decisions (such as the siting of a power plant) or not reflected in market prices (for example, the price of gasoline at the pump). Under such conditions, the actions that follow might be suboptimal—in the sense that the full social costs of the actions are not recognized—resulting in a loss of social welfare. When market failures like these occur, there is a case fo