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.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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