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Yes, it's like rating a hedge fund's performance -- doesn't matter how much its portfolio grew by but how much MORE it grew relative to the growth rate of the m
by kiliantics 6y ago
Yes, it's like rating a hedge fund's performance -- doesn't matter how much its portfolio grew by but how much MORE it grew relative to the growth rate of the market. If solar is not outpacing the growth of coal, oil, and gas, then it's not helping.
- jacobr1 6y agoTrue for the timeframe under-analysis, but not necessarily for long-term trends if there are changing fundamentals. One of the interesting things that has happened with solar is that subsidy has decreased. So even if the composition is remaining static for new development, if we now have sustainable solar compared the the historically (economically) unsustainable version that required government intervention, that was an accomplishment. The counterfactual is not stable composition of generative sources but one with renewables decreasing because the political will waned to continue subsidy.
- kiliantics 6y agoI suppose the glass is not completely half empty. It would be great if subsidies for fossil fuels were also decreased.