These Charts Show the Hidden Costs of Dirty Energy

Adding up the price in money—and lives.


This year, the world’s governments are expected to hand out tax breaks and subsidies to the oil, gas, and coal industries to the tune of $233 billion. But the free ride for fossil fuels goes beyond that. That’s because fossil fuel companies don’t have to pay for the huge amount of damage caused by pollution from their products. Instead, we all do.

Recent research by the International Monetary Fund finds that the hidden economic and environmental costs of fossil fuel consumption—”externalities” in econspeak—add up to nearly $5 trillion a year, or 33 percent more than the federal budget.

About three-quarters of that comes from air pollution—for example, medical expenses incurred by people sickened by smog. The rest comes from climate change-related impacts: The costs of wildfires, floods, droughts, etc. The remedy, researchers say, is to increase taxes on fossil fuel energy so that we use less of it, and so that the biggest consumers will shoulder more of the social costs. That would make a gallon of gas more expensive—but potentially save tens of thousands of lives.

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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