4 ms·
Well, I don't see any reason to discontinue them as long as there are even bigger incentives for coal, oil, and gas. $5.9T in 2020 alone. https://e360.yale.edu
by varelse 5y ago
Well, I don't see any reason to discontinue them as long as there are even bigger incentives for coal, oil, and gas. $5.9T in 2020 alone.
https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds https://e360.yale.edu/digest/fossil-fuels-received-5-9-trill...
But what's the long game here? EVs have dropped in price by a factor of ~3 and solar power dropped in cost by a factor of 10 over the past decade. The incentives seem to be achieving exactly what they sought to achieve.
https://www.greentechmedia.com/articles/read/solar-pv-has-become-cheaper-and-better-in-the-2010s-now-what https://www.greentechmedia.com/articles/read/solar-pv-has-be...
So even in a world where all incentives were removed, it seems oil, coal, and gas are organically on the way out. What's holding that back, as usual, is $$$ people. And it's fascinating that California not only wants to all but discontinue paying for electricity from rooftop solar panels, but plans to go even further and impose a $96/year de facto tax per kW of solar panel installed.
https://nrgcleanpower.com/learning-center/nem-what-changes-are-coming/ https://nrgcleanpower.com/learning-center/nem-what-changes-a...
I think our leaders have no idea what they're doing across the board personally.