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IMPOSSIBILITY#10 of 56 by βWPaper #34
Coal Combustion
Phase-out acceleration. Insurance withdrawal. Carbon pricing trajectory. The question is not whether coal ends — it is how much T* is left.
WELFARE BETA
candidate beta-W 8.64
source-reported average; admission pending independent channel and denominator review
THEOREM TYPE
Impossibility
physically/biologically binding
SOURCE STATUS
Summary + deck generated
verified by paper record
Reading welfare beta
Welfare beta, written as βW and pronounced beta W, means annual system-welfare loss divided by annual industry revenue, written as Π and pronounced capital pi. Revenue is the denominator, never profit; ΔW and Π must use the same domain, same time period, and same activity boundary. See the welfare-beta methodology manual.
OPEN HTML DECK ↗Deck mode is an on-site reading view, not a PowerPoint download.
Theorem status: evidence-traced claim under the cited paper's assumptionsMC interval status: re-estimation required; legacy template bands are withheldWelfare beta is a source-reported candidate average; channel and denominator admission is pendingAnnual industry revenue is the denominator, not profit; both quantities must share the activity boundaryFalsification: show the same game preserving system welfare without changing the payoff structure
8.64
welfare beta
$6,882.1B
annual loss ($B/yr)
$797B
annual revenue ($B/yr)
KEY FINDINGS
THE CARBON COMBUSTION FLOOR
No impossibility theorem — institutional Private-Systemic Tension. Coal operates within existing regulatory authority (EPA §111, EU ETS, PPCA). Unpriced externalities exist but institutional correction is possible.
PLAIN ENGLISH
Coal combustion is catastrophically welfare-negative. Every welfare-destroying channel operates through institutional arrangements that can be reformed: carbon pricing, air quality enforcement, subsidy removal, and managed transition. The physics is remediable. The politics is the obstacle.
six-lane CONFLICTORING ADVICE
EVIDENCE & LIMITATIONS
- Theorem status: evidence-traced claim under the cited paper's assumptions
- MC interval status: re-estimation required; legacy template bands are withheld
- Welfare beta is a source-reported candidate average; channel and denominator admission is pending
- Annual industry revenue is the denominator, not profit; both quantities must share the activity boundary
- Falsification: show the same game preserving system welfare without changing the payoff structure
REFERENCES / CITATION STATUS
Reference counts for this manuscript have not been published yet. Treat its citations as unverified until a source list is available.
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EXECUTIVE SUMMARY
Coal combustion imposes a system welfare cost of $6.$72 trillion annually while generating $990 billion in excess private revenue, yielding a system beta (βW) of 6.95: each dollar of coal industry revenue destroys $6.95 in welfare. The paper exploits the institutional structure of global coal markets and the stoichiometric combustion chemistry of carbon to identify a welfare-cost floor. Using a
SOURCE QUESTIONS
WHY THIS MATTERS
For the economist
Classified Impossibility. The source-reported candidate beta-W of 8.64 is the average system-welfare loss per dollar of industry revenue. Its channel inputs, denominator, and uncertainty packet still require independent admission.
For the regulator
The constraint is physical or biological, so disclosure alone will not internalize it. The policy lever is to bound exposure, not to price it away.
For the executive
This is where a privately efficient decision can degrade the system the business depends on. The governance question is which decision records would make that system cost visible before it is normalized.
For the teacher
An on-site HTML deck and the expanded curriculum cover the argument, the evidence, and the measurement. Use the deck as a self-contained class session, then route deeper through the 45-50h core course or 100+h full curriculum.
For the affected community
In plain terms: who gains from the current arrangement, who pays for it, and what rule change would alter that split. The summary states each without jargon.
RELATED BY WELFARE BETA
Welfare beta is shown on the same scale for each card: annual system-welfare loss divided by annual industry revenue, with both measured on the same domain, same time period, and same activity boundary.
© 2026 Erik Postnieks · Independent Researcher · Salt Lake City