3 ms·
Electricity has higher economic value due to miners seeking to maximize profits. This makes investments in renewable energy infrastructure more profitable and
by doggosphere 5y ago
Electricity has higher economic value due to miners seeking to maximize profits.
This makes investments in renewable energy infrastructure more profitable and paid off sooner. A solar farm has more demand and higher margin for its products.
On the other hand, it means cheap coal energy is also financially productive.
What is anti-economical is the unfair price competition due to externalities not captured by coal energy's pricing.