Your Utility Bill Lies Like a Rug

ars has an interesting article about a report issued by the National Academies of Science (NAS). At the request of Congress the NAS attempted to put a dollar figure on the cost of externalities of the U.S. energy economy, including electricity, transport and heating. As the article indicates, the cost of climate change was not included in the NAS estimate. Even without accounting for the costs of climate change, the number produced by the NAS is staggering at $120 billion. Oh, and the report suggests that the number is conservative. Comforting. Read the article here. Read the report online here.