Posted under Energy & Environment
When considering a new public policy, we frequently (and correctly) consider the costs. Less frequently, however, do we consider the costs of maintaining the status quo.
Environment Maryland has recently produced a report examining the costs of maintaining Maryland’s reliance on fossil fuels. From the release:
Between 2010 and 2030, Maryland will spend as much as $432.2 billion on oil, coal, and other fossil fuels. That’s 2.6 times the total earnings of all Maryland workers in 2007. At the same time, pollution from fossil fuels is the number one source of air and global warming pollution and a leading source of water pollution.
High spending on fossil fuels is largely driven by our dependence on oil, according to the analysis. Maryland is on track to spend as much as $18.7 billion on oil alone in 2030, 82 percent of the state’s total spending on fossil fuels.
You can read the full report here.
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