Coal cheap, but expensive side effects

Next Big Future reports that:

Worldwide subsidies for fossil fuels, which at $523 billion are six times higher than subsidies for renewable energy. The fossil fuel subsidies do not include giving fossil fuels a free ride on air and water pollution.

Some estimate that China is losing about 7% of its GDP due to environmental damage for air and water pollution. A rough estimate is that air and water pollution from fossil fuel is costing the world about $1.4 trillion (2% of global GDP)

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s