Study: Coal Production and Burning Results In At Least $150 Billion in Non-Climate Damages Each Year

Takeaway: even coal's non-climate damages is reason significant action to reduce coal consumption.
  • A 2010 study finds that between $150 and $300 billion in annual negative impacts result from air and water pollution in Kentucky, West Virginia, and many other states.

  • These costs are not currently factored into the price of electricity from coalif they were, electricity prices would roughly double.

  • The study indicates that these damages are conservative, as many other pollution sources were left out of the analysis.

Citibank: Cost of Doing Nothing About Climate Change is Far Higher Than Cost of Reducing Emissions

  • Citibank estimates that global damages from doing nothing to reduce greenhouse gas (GHG) emissions range from $5 to $44 trillion of net present value (global GDP is currently $80 trillion), noting that these estimates likely undercount the true value of total damages.

  • The study estimates that the cost of investments to reduce GHG emissions range from $2 to $5 trillion of net present value.

  • The study also shows that the return on investment in reducing GHG emissions ranges from between 3% and 10% by 2040.