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TFA is a superficial look at the very highest level hand-wavey numbers. What I think you would find if you peel the onion is that the green economy is driven b
by zaroth 7y ago
TFA is a superficial look at the very highest level hand-wavey numbers.
What I think you would find if you peel the onion is that the green economy is driven by the extraordinary value that “green” technologies actually present for those that invest in them, net any offered subsidies of course.
The way to grow the “green” economy is to continue to foster ways for green tech to provide massive economic value to its adopters.
For example, net metering provides a tremendous incentive to install solar that otherwise wouldn’t exist because the batteries are currently too expensive to use all your own generation.
As battery prices have plummeted, the time will come when removing net metering is the best way to incentivize the next wave of green investment, and replacing it with demand pricing of distributed supply.
Personally I think investing trillions of dollars before the tech is ready to provide a solid return on investment would be a huge mistake. If the ROI is there then the government can spend $1 today to save $2 over the next 10 years, and since it prints money and inflation / discount rate is super low, it can do that all day long.
Versus spending $1 to replace infrastructure with something that performs worse, meaning $1 today costs you even more money tomorrow, which is the equivalent of burning money for jobs programs.