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Why doesn't the capitalist economy invest in cheap renewable energy? (www.youtube.com)

submitted 1 month ago* (last edited 1 month ago) by ujeenator@lemm.ee to c/energy@slrpnk.net

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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.

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[–] Eyekaytee@aussie.zone 4 points 1 month ago (6 children)

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

[–] Wanderer@lemm.ee 2 points 1 month ago (1 children)

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.

[–] Eyekaytee@aussie.zone 1 points 1 month ago

Its going to drop very fast.

Yes that's what I'd like to see

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