Health impact justifies renewable energy
Along with the undoubted health and social benefits derived from accessible and available electricity, there are also inherent, often unrecognised or unaccounted, adverse effects from these same energy generation processes.
If these ‘externalised’ costs are significant and not captured by the market, they constitute ‘market failure’. Climate change and air pollution represent major failures, and have prompted action to address them on economic grounds.
However, it is the daunting health impacts that now provide the most urgent and compelling reasons to reassess how we generate energy.