That's a hefty part of why I take the position I do on the topic. Contrary to what fossil fuels proponents would argue, we don't have a free (energy) market by any definition a reasonable or honest person would accept. We have one that's so heavily biased in favor of fossil fuels, by government action on behalf of the fossil fuels lobby, any forthcoming cost-benefit analysis would be fundamentally broken. Corporations follow the path of least resistance, and if it's cheaper and more effective to pay fines, settle citizen suits out of court absent injunctive relief, ad buy their way out of bad PR, or even to just buy politicians, corporations will do that rather than revise and reform their business models.Agema said:The last thing businesses and the market want to do is destroy the planet: their assets and profits go up in smoke as well. What a business wants to do is examine a cost/benefit analysis of doing something about climate change and how much climate change will cost them.
And frankly, environmental groups and law firms are absolutely no help at all, and amount any more to a glorified racket (and indeed, this is something with which I have personal knowledge). Look at the Hinkley groundwater contamination case (the famous Erin Brockovich case). The case went to private arbitration and was settled out of court, Masry et. al. stiffed their clients and actually had to be sued for the settlement money, and the site still hasn't been adequately decontaminated by PG&E. The only efficacy or efficiency in that process is in the energy company-to-environmental lawyer money pipeline.
Hell, look at NRDC v. Chevron. The most influential administrative law case in American history, and that boiled down to "it was cheaper for Chevron to buy the EPA than it was to install smokestack filters". Look at NAFTA Chapter 11 and the Environmental Side Agreement -- private corporations and investors are entitled to sue signatory states for compensatory damages if that state alters its environmental regulatory schema in a way that negatively impacts that private party's business, while de-fanging enforcement of environmental provisions between signatory states. GATT has similar language as well. The most famous case I can name off hand was in '97, I think, when Ethyl Corporation successfully sued the Canadian government, for Canada's prohibition of a highly toxic gasoline additive that Ethyl Corp made and exported.
That's how skewed the market really is, on every conceivable level, towards the fossil fuels industry. It's been normalized to the point we simply accept this is how a "free" market ought to operate. It's not.
The coal lobby loves to flout how "cheap" coal is...seven to fourteen cents per kilowatt-hour, depending on region and COLA, if I remember right. LNG's even "cheaper", supposedly three to five cents per kilowatt-hour. That's just the out of pocket, from consumer to energy provider, not accounting for hidden costs in terms of externalities or government subsidies. The real cost's two to three times that, most of it is just offloaded to the government and consumers pay it in taxes.
Really, coal's even more expensive per kilowatt-hour than "new" nuclear -- that is to say, newly-constructed recent-generation plants while construction and investment costs are still being paid off -- and that's about fifteen cents per kilowatt-hour, and once the plant's paid off that cost drops to about three cents per kilowatt-hour if I remember my maths right. Fossil fuels, in an actually free market, would never compete with any renewable on the market, and could never hope to compete with any renewable on the market.
It's the exact opposite scenario as, say, health care, where the insurance, pharma, and health care lobbies fabricate costs and double dip to scare voters away from universal health care. They bank on the average Joe voter not paying enough attention to realize whatever nominal increase to payroll taxation would be levied to pay for it, would still be pennies-on-the-dollar less than what they already pay in insurance bills plus deductibles.
Which is the point, I believe, progressives need to latch onto like a fly on shit. Government's already in the "socialism" business, it already picks winners and losers, and if Republicans they really want a free market and small government they can start by ripping the fossil fuels industry off the taxpayer teat.