You know what bugs me? When people says something along the lines "The price for wind and solar in the last 10 years has come down x-fold." And then pretend that this was a magic market mechanism or that it simply was The Right Time for renewable tech to emerge victorious/competitive over fossil fuels.
Just as an example, the Energy speaker at UK's National Emergency Briefing does it too
youtube.com/watch?v=_cD1HY5e1H…
But this isn't market magic. The price for solar has plummeted bc of China's subsidies in general. And then, due to COVID, China's real estate crisis had provinces struggle to counter lost revenue. They then lowered biz tax – which attracted new companies – and new companies are mainly those who make or sell new tech, eg PV panels.
And because so many new factories sprung up, PV get sold for a dime a dozen.
WE, our nations, could have done that 10 years ago already. We, our nations, SHOULD have heavily subsidised PV and wind
... Show more...You know what bugs me? When people says something along the lines "The price for wind and solar in the last 10 years has come down x-fold." And then pretend that this was a magic market mechanism or that it simply was The Right Time for renewable tech to emerge victorious/competitive over fossil fuels.
Just as an example, the Energy speaker at UK's National Emergency Briefing does it too
youtube.com/watch?v=_cD1HY5e1H…
But this isn't market magic. The price for solar has plummeted bc of China's subsidies in general. And then, due to COVID, China's real estate crisis had provinces struggle to counter lost revenue. They then lowered biz tax – which attracted new companies – and new companies are mainly those who make or sell new tech, eg PV panels.
And because so many new factories sprung up, PV get sold for a dime a dozen.
WE, our nations, could have done that 10 years ago already. We, our nations, SHOULD have heavily subsidised PV and wind turbine manufacturing and R&D 10 years ago.
It's not market magic. And it's not because This Is Simply The Right Time. No. It's subsidies, subsidies, subsidies, and it's 10 years too late!! 😡
#ClimateChange #Renewables #Economics #Neoliberalism #China #SolarEnergy #WindEnergy
Bekijk je favoriete video's, luister naar de muziek die je leuk vindt, upload originele content en deel alles met vrienden, familie en anderen op YouTube.
www.youtube.com
