The Hazelwood brown coal power plant is one of Victoria’s largest emitters of greenhouse gas. … Now, an analysis by two Harvard fellows has estimated the unseen impact of the plant’s emissions is about $900 million a year. … The formula for calculating the social cost of emissions is widely accepted.
It produces estimates of the projected damage from global warming on agriculture and property, and the cost of health problems caused by air pollutants such as sulphur dioxide and tiny particulate matter. … The US Department of Energy and other agencies have been using this technique for some years to guide their development of regulations for emissions.