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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We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

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