Why doesn't the capitalist economy invest in cheap renewable energy? - eviltoast

Disclaimer: OP doesn’t support CCP or authoritarian communism.

TLDR Despite significant advancements and price drops in renewable energy sources, the lack of profitability compared to fossil fuels hinders investment and expansion. Factors like unbundled energy markets, volatility in pricing, and reliance on private investment further complicate the transition. The narrative calls for a reevaluation of energy production systems, advocating for state-led, publicly funded renewable projects to ensure a viable path toward sustainable energy solutions.

  • ikt@aussie.zone
    link
    fedilink
    English
    arrow-up
    3
    ·
    5 days ago

    I get it but even with all these drawbacks we’re doing pretty good, I’d like to see China and India have their lines start going back the other way

    Also he didn’t mention much about batteries, which are fantastic for arbing cheap solar during the day and expensive power at night

    • HubertManne@moist.catsweat.com
      link
      fedilink
      arrow-up
      5
      ·
      5 days ago

      I mean china and indias rise are mostly due to export though and really the carbon is on other countries. Would be good to see a chart of carbon produced by country consumption per capita.

      • ikt@aussie.zone
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        4 days ago

        consumption per capita

        Is silly imo, it’s quite clear that actual co2 output in the billions of tons is far more important to reduce than Fiji doing 10x the per capita rate than China but outputting a grand total of hardly nothing

    • Wanderer@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      4 days ago

      China makes more renewables than the rest of the world.

      Look at completed and under construction. Wind, solar, nuclear, hydro, pumped hydro.

      50% car sales are EVs.

      10% of GDP is clean tec.

      A large part of emission growth is rapid increases of the petrochemical industry. That’s not going to last long.

      The energy demand increase is almost entirely being met by renewables and increasing. Its going to drop very fast.