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Life cycle costing has been used in renewables for decades, and is widely accepted.  The problem comes in determining how to include externalities, and what do they actually cost.  For example, what (roughly? exactly?) is the cost of a coal miner's life?  What is the cost of a gulf or two?  What are the long term costs of isotope storage, factoring in the cost of capital over a few millenia, give or take.

Thus it always comes down to the politics.

"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Thu May 20th, 2010 at 12:45:57 PM EST
[ Parent ]
For example, what (roughly? exactly?) is the cost of a coal miner's life?  What is the cost of a gulf or two?  What are the long term costs of isotope storage, factoring in the cost of capital over a few millenia, give or take.

Thus it always comes down to the politics.

Ultimately we can only estimate, however that has benefits.

Why not require that companies engaged in harmful resource extraction like this be required to contribute 2.5% of revenues towards a compensation fund?

  1. This would billions to cover the costs created externalities from operations.

  2. Some portion could be used to fund the development of alternatives, including loan guarantees for renewables, etc.


And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Thu May 20th, 2010 at 01:03:57 PM EST
[ Parent ]
It may be accepted in the industry, but my general review of media and politics is that the point is not made strongly enough to voters. How to do this is another matter; but to me it seems it should be an easy sell. The benefits are clear.

You can't be me, I'm taken
by Sven Triloqvist on Thu May 20th, 2010 at 01:51:40 PM EST
[ Parent ]

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