Market Failure

Wind turbines and the failure of markets

twometers
Monometer by Michael Pinsky, July 2009, Kortrijk

The Vestas wind turbine factory on the Isle of Wight, under occupation by a handful of workers, is set for closure at the end of this month, citing “lack of demand”; that this happened in the immediate aftermath of Ed Miliband’s Energy Transition White Paper is ironic, to say the least. Three years ago, as Seamus Milne points out, Nicholas Stern nailed climate change as “the greatest market failure the world has ever seen”. It’s time to nail the myth that “lack of demand” is a natural state, to which everything must submit.

The illustration is from an installation by the British artist Michael Pinsky at this July’sKortrijk annual all-night arts festival. The four supporting columns of Belgium’s tallest wind turbines were transformed into giant meters, monitoring the ecological impact of Kortrijk’s all-night event. The consumption of energy and water, the production waste, and noise levels were all metered by two rings of projectect light moving up and down the turbines, as if, to quote the artists’s statement, the festival was “feeding” Monometer.

http://www.michaelpinsky.com/

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