Solar More Economical than Coal--already?!Quicklink submitted by Daniel Geery Permalink
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|Solar makes more sense economically right now. Compare it, for example, to generating electricity by burning coal. An article in the August issue of the American Economic Review (the journal of the American Economic Association, a group that no one has ever accused of being a bunch of tree-huggers), shows that the overall costs to our economy of burning coal are so high that they're actually greater than the market price of the energy that's generated. In other words, the roughly $53 billion in damages that the coal industry inflicts on our economy every single year is greater than the value of the electricity it generates!|
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