Ross Gittins states that

When the producers of fossil fuels don't bear the cost of the damage their emissions of greenhouse gasses do to the climate, and the producers of renewable energy don't enjoy the monetary benefit of not damaging the environment, these two "externalities" - one bad, the other good - constitute "market failure".

Match the scenarios discussed in the statement to the plots to the different scenarios. Note that the private and social values/costs overlap in the first plot. Some plot do not match any scenario discussed in the statement.

p3 p2 D1 p1 Demand (private value) q1 92 03 q1 02 03 Supply (private cost) Social Value - --- - Social Cost p3 p3 p2 p2 01 93 q1 q2 93 producers of renewable energy don't [ Choose ] v enjoy the monetary benefit of not damaging the environment producers of fossil fuels don't bear the [ Choose ] v cost of the damage their emissions of greenhouse gasses do to the climate