Yes, coal is a bad polluter, but natural gas is not. And all costs and benefits of each alternative must be considered. On balance, natural gas is currently a better option than renewables.
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You and I agree then, with Nordhaus et al, that (since we do have better choices) we'd be better off without coal electric generation. A Pigouvian tax would help us get to a better outcome where this category of energy production were replaced.
But you don't seem to agree with me or the market that natural gas is better than renewables.
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I’d I agree with the market if it included all relevant externalities. I think that is your position too. I think we have different views on the externalities. And while I agree that experts can be wrong, I would double check my analysis if they overwhelmingly disagreed with me
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I have, and they don't (that's the impression you get if you read the media instead of talk to the actual experts; again, reading "Unsettled" should be a real eye-opener).
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