Externalities and Hidden Costs
of Economic Activity


Work in Progress, Alpha Version


This alpha version is a compilation of well-researched studies of the hidden and unpriced costs of commodities, products and systems in the US economy. Users are encouraged to study the supporting documentation found via the links and are urged to take great care when making calculations based on the estimated costs herein; in this alpha version no attempt has been made to correct for double counting. Future versions will strive to address this and other issues, and users are encouraged to share recommendations.


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Health Effects of Coal

Includes respitory disease, eye deterioration, and miner accidents.
Estimated cost: $
Physicians for Social Responsibility
The work of Physicians for Social Responsibility builds on a report by the National Academies of Science.
Tags: health, coal, health, energy, medical, hosptial Value-type: commodity Value-item: coal


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Estimated cost: $


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Damages from Automobiles and Trucks

Health and other nonclimate-related damages
Estimated cost: $
National Academies of Science
From the Web site: "In 2005 motor vehicles produced $56 billion in health and other nonclimate-related damages, says the report."
Tags: automobiles, cars, transportation, fuel, extractive industries Value-type: integrated system Value-item: automotive sector


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Underage Drinking

auto accidents, lost work, pain and suffering damages
Estimated cost: $
Monheit Law

Tags: , drinking, alcohol, impaired judgment, legal action, health, mental health, childrearing, education Value-type: harmful behavior Value-item: consumer product - intoxicant


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Weather may cost $485 billion in US

Economic cost of weather may total $485 billion in U.S.
Estimated cost: $
EnvironmentalSearchWeb

Tags: externalities, weather, climate change Value-type: Value-item:


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Traffic jams cause lost time, wasted gas

The US Treasury Department reported that $100 billion is wasted each year in gasoline and lost time due to traffic jams. Congestion burns 1.9 billion gallons of fuel a year.
Estimated cost: $


Tags: transportation, autos, air pollution, gasoline, motor fuel Value-type: Value-item:


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When Costs Outweigh Benefits: Accounting for Environmental Externalities


Estimated cost: $
Chicago Policy Review

Tags: bad air, misallocation of capital, air pollution, externalities, sectoral analysis, academic paper Value-type: Value-item:


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Toxic Metal Pollution costs $9 billion in health costs

health effects
Estimated cost: $
http://www.flcv.com/cap.html
Toxic metal can cause $3,000 per person in healh cost, or $9 billion in the aggregate. This Web page analyzes other pollutants as well.
Tags: health, toxic metals, overview, tables Value-type: Value-item:


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EU agency: air pollution costs exceed $134 billion


Estimated cost: $
Associated Press reporting on European Environment Agency report
The European Environment Agency says that 191 facilities are causing half of the costs.
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The Cost of Diabetes: $174 billion - American Diabetes Association

health effect - diabetes
Estimated cost: $
American Diabetes Association
$116 billion is in direct health expenditures and $58 billion in lost productivity.
Tags: health, obesity, fat, nutrition Value-type: Value-item:


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The 2003 US War In Iraq

Lost lives, property and great financial costs were part of what the US paid for the 2003 invasion of Iraq.
Estimated cost: $
The Three Trillion Dollar War, by Stiglitz and Bilmes
But in this book, economists argue that when other factors are taken into account the war will cost $3 trillion over the years into the future. These costs will include medical costs for veterans and interest on the war debt.
Tags: Iraq, war, Iraq, middle east, oil Value-type: Value-item:


WebNewsLab.com Results for externalities

1591 -- How Much Do Health Impacts From Fossil Fuel Electricity Cost The U.S. Economy?
electricity, fossil fuel, externalities -- externalities
http://www.forbes.com/sites/justingerdes/2013/04/08/how-much-do-health-impacts-from-fossil-fuel-electricity-cost-the-u-s-economy/
The article “Economic Value of U.S. Fossil Fuel Electricity Health Impacts,” was published online last December in Environment International by Sarah Rizk* and Ben Machol of the EPA. It argued that if the hidden health costs related to burning fossil fuel for electricity were included in a utility bill they would average between 14 and 35 cents per kilowatt hour.

1324 -- CDC - Chronic Disease - Obesity - At A Glance
public health, obesity -- externalities
http://www.cdc.gov/chronicdisease/resources/publications/aag/obesity.htm
Cost: $147 billion $147000000
From the Web site: Obesity Is Costly In 2008, overall medical care costs related to obesity for U.S. adults were estimated to be as high as $147 billion. People who were obese had medical costs that were $1,429 higher than the cost for people of normal body weight. Obesity also has been linked with reduced worker productivity and chronic absence from work.

1083 -- Aviation and shipping emissions need to be in carbon budgets, says CCC
externalities, aviation, nautical shipping, transport, hidden costs -- carbon rules
http://www.clickgreen.org.uk/analysis/business-analysis/123398-aviation-and-shipping-emissions-need-to-be-in-carbon-budgets,-says-ccc-.html

1076 -- Linkage of the 1999–2008 National Health and Nutrition Examination Surveys to Traffic Indicators From the National Highway Planning Network
-- externalities
http://www.cdc.gov/nchs/data/nhsr/nhsr045.pdf

854 -- Environmental Impacts Cost 41 Cents for Every $1 of Revenue, Report Finds
consulting report, corporation earnings, finance -- externalities
http://www.environmentalleader.com/2012/02/16/environmental-impacts-cost-41-cents-for-every-1-of-revenue-report-finds/

502 -- GPIC Reports - GPIC for Energy-Efficient Buildings
-- externalities
http://gpichub.org/activities/policy/gpic-reports
The report asserts that undertaking these retrofits could spur $618 million in local spending and support 23,500 job in the region.

436 -- 2011 National Drug Control Strategy | The White House
externalities -- pot allotment
http://www.whitehouse.gov/ondcp/2011-national-drug-control-strategy
Government says economic impact of illicit drugs is $193 billion a year.

337 -- Physicians for Social Responsibility Report Details Coal's Health Impacts - GlobalResourcesNews.com, covering commodities and ecology
-- externalities
http://globalresourcesnews.com/C-coalreport

7 -- Economic cost of weather may total $485 billion in U.S. - environmentalresearchweb
economics, externalities -- XWeather
http://environmentalresearchweb.org/cws/article/yournews/46457