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Outline two possible social costs and two possible social benefits of an investment by 'EirGrid' in upgrading Ireland's electricity network by erecting high-voltage power lines (pylons) - Leaving Cert Economics - Question 9 - 2014
Question 9
Outline two possible social costs and two possible social benefits of an investment by 'EirGrid' in upgrading Ireland's electricity network by erecting high-voltage ... show full transcript
Worked Solution & Example Answer:Outline two possible social costs and two possible social benefits of an investment by 'EirGrid' in upgrading Ireland's electricity network by erecting high-voltage power lines (pylons) - Leaving Cert Economics - Question 9 - 2014
Step 1
Social Costs: (i)
Answer
One potential social cost is the visual intrusion on the landscape. The erection of high-voltage power lines can disrupt the natural scenery, leading to a decrease in local tourism due to reduced visual amenity, which may impact local businesses dependent on tourism.
Step 2
Social Costs: (ii)
Answer
Another social cost could be the potential health implications associated with electromagnetic fields generated by power lines. Communities living close to these structures may express concerns about health risks, resulting in societal anxiety or opposition to the infrastructure.
Step 3
Social Benefits: (i)
Answer
The first social benefit is improved infrastructure leading to a more secure supply of electricity. This enhancement in the electricity network can ensure a reliable power supply to homes and businesses, thereby fostering economic growth and attracting foreign direct investment (FDI).
Step 4
Social Benefits: (ii)
Answer
Another benefit is the increased capacity for renewable energy. By upgrading the network, Ireland could improve its carbon emissions profile, reduce dependence on imports, and enhance the effectiveness of renewable energy sources, contributing to both environmental and economic sustainability.