Because of fossil fuel negative externalities*, like direct and indirect subsidies, hidden health and environmental costs, we are all becoming poorer.
Even if you don’t pay taxes, fossil fuel externalities are going to hit you some way or another. Recent studies found out that we all are already paying a high price in all terms. Because of fossil fuels, we all have to live up with a degraded environment with poorer ecology and biodiversity, poorer air and water quality and most important… poorer health.
In the case of coal all these harmful effects are intensified because of its higher concentrations of carbon dioxide, methane, sulfur and nitrous oxides; making coal dirtier and more pollutant than oil and gas. These are very bad news, because in average, more than 40% of our global electric bill is produced with coal as secondary energy source.
Some of the most respectable environmental organizations in the world as Green Peace and 350.Org are making extraordinary efforts to reduce global coal exploitation as well as promoting capital divesting from fossil fuels. Carbon Locker wants to help out by laying a hand -and several tons of coal-.
Carbon Locker has designed a framework to convert fossil fuel unexploited deposits into a sustainable way to finance the much required renewable energy transformation. The hardest part has already passed, we have acquired legal operative rights over 30.000.000 tons of coal reserves, located under fragile ecosystems in the American Hemisphere, in order to keep them permanently unexploited. This way we are helping to avoid significant pollution and preventing the release of more than 200 million CO2e tonnes. Want to keep in touch and know how this spirited initiative is going? Please register at the About Section.
*In economics, a negative externality is the cost that affects a party who did not choose to incur in it, in other words… a hidden cost.
Source: Video by Jeff Grewe. facebook.com/arbor.aesthetics.tree.service
Besides of CO2, combustion of fossil fuels also produces air pollutants, such as nitrogen oxides, sulfur dioxide, volatile organic compounds and heavy metals.
Carbon Locker 