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I don't really disagree with any of this, so I guess that's confirmation that you did see my point. Certainly, the fact that solar and wind are sure things rig
by stormbrew 5y ago
I don't really disagree with any of this, so I guess that's confirmation that you did see my point.
Certainly, the fact that solar and wind are sure things right now warrants massive investment. Just throwing endless gobs of money at a problem that's as-yet unsolved doesn't necessarily lead to good outcomes, it also takes directed goals and all that. That's in theory what ITER is all about, though I think the slowness with which it got started will hamper it and we'll see success on other projects before it even gets to the testing phase. It was an attempt to create a moonshot that kinda failed, but the private sector seems more interested now so it might not matter.
That said I'd actually be surprised if there isn't already much more than $200bil going into building out solar capacity worldwide. It's just not easily enumerated because it's not special anymore, and a lot of it is on small scales (ie. I'm gonna install about $20k of solar panels to my home this spring and I'm not alone, but it's hard to tell how much that adds up to).