Tuesday, October 25, 2005

'True' cost of energy

Four years ago, the EU-funded EXTERNE project presented the results of a large study proving that the cost of producing electricity from coal and oil would be double what it was if the 'external' costs, such as environmental damage, were to be included.
Health impacts are a major focus, in addition to environment. Polluting power plants in the EU-25 cause health impacts, including morbidity, with a cost equivalent to tens of billions of euro every year.
Building on the results of the EXTERNE project, a new project 'NEEDS' will apply the EXTERNE method to policy making and options for the future energy system in Europe.

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