by Michael J. Graetz
MIT Press, 369 pp., $29.95
a report by the National Research Council’s Committee on Health, Environmental, and Other External Costs and Benefits of Energy Production and Consumption
National Academies Press, 506 pp., $47.00 (paper), available for free at www.nap.edu
We need national policies that address the enemies of pollution and global warming. But because energy is such a large part of consumer budgets and so central to our advanced economies, people are reluctant to allow energy prices to reflect the true social costs of energy consumption. We see this tradeoff play out in energy and environmental policy year in and year out.
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