I'm just going to leave this here: https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs#:~:text=Conservative%20estimates%20put%20U.S.%20direct,natural%20gas%20and%20crude%20oil ….. But it's fair to ask if we should be looking more into nuclear energy instead.
If renewables are now so cheap, why do they still need government subsidies and mandates?
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Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Good question. Markets can be very efficient but one weakness is externalities, e.g. pollution. https://en.wikipedia.org/wiki/Externality … A standard way to address externalities while preserving markets is via taxes or subsidies. That way, is often more efficient than direct regulation.
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Yes, but if renewables are cheaper they should prevail even without externality taxes and subsidies. Unless the problem is that they're worse (e.g., less reliable, hidden costs, etc.).
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cost of porting from existing power sources to renewables? also renewables may still be costlier than fossil fuels, etc. but I'm not certain of this
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Government takes longer than that to update policy, and is pathologically unable to predict rapid tech improvements. (They also consistently failed to predict data networks getting exponentially cheaper per bit in the 90s.)
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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At least on our side (moving electrons and photons) the storage is not fully implemented.. that's when Bitcoin becomes handy .. https://youtu.be/0Ih79gBZezA .. btw talking about
.. question we got at DC4420 .. when robots take over the planet, who going to feed the robots?Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Do fossil fuels not have subsidies as well?
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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I think your question should be rephrased: Why do governments want to invest in renewable energies?
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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