5 ms·
Renewables are crony capitalism. Without consistent government subsidies, incentives, grants, etc...they are not profitable.
by kvetching 6y ago
Renewables are crony capitalism. Without consistent government subsidies, incentives, grants, etc...they are not profitable.
- amiga_500 6y agoFossil fues are subsidized because the users don't pay the true cost.
- VyperCard 6y agoYeah they are also directly subsidized.
- dragonwriter 6y agoNo, renewables are public goods as they have positive net externalities, that is, a substantial share of the benefits of their use accrues to people outside the transaction. Well, relative to fossil fuels, at least; it's more accurate to say that fossil fuels are public harms with a substantial net negative externality. Government action in the form of subsidizing the former and/or taxing the latter is necessary to internalize the externalities so that the relative net cost (benefit) is born by (accrues to) the participants in the transaction. https://en.m.wikipedia.org/wiki/Pigovian_tax https://en.m.wikipedia.org/wiki/Pigovian_tax