7 ms·
> If a large group of people reduced their energy consumption to help climate change it has the consequence of reducing demand and therefore energy costs will c
by jlj 8y ago
> If a large group of people reduced their energy consumption to help climate change it has the consequence of reducing demand and therefore energy costs will come down. That will make green energy cost uncompetitive and slow down the transition to green fuels.
Another way to look at it is, as more people demand green energy, the supply will increase faster to meet demand. As the supply increases, economies of scale reduce the cost, making it more competitive with fossil fuels while at the same time wind and solar efficiency will increase further reducing the cost per unit.
Eventually the supply with the lowest cost will win and the others may become obsolete.
Whether or not that can happen fast enough is another question. Taxation of fossil and subsidizing of renewables seems like a logical conclusion. The likelyhood of a massive win-win solution of that nature with no game theory cheats on a global scale seems much less probable than innovating our way out of it.
I don't think government on a coordinated global level can do it. It would be like diverting the same level of national resources as a war into a peacetime effort. Would need a way to demonize climate change so it becomes a common global enemy. But on the other side of demonizing is half or more of humanity, so it is really a new level of war over new types of resources being shoreline, water supply, and probablilty of destruction or famine by natural disasters.
I hope for no war and don't believe all that will happen. But it could. And I think investing in time, money, and peace seems like a valid approach to get behind vs trying to get government to do it.