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> The funny thing is that the market is turning even Australia and Texas into solar superpowers. I think the market is too slow by itself. There's a technical
by hackerlight 3y ago
> The funny thing is that the market is turning even Australia and Texas into solar superpowers.
I think the market is too slow by itself. There's a technical reason for this. Externalities are mispriced, causing market failure. Markets may get there by themselves eventually, but not as quickly as they should.
Australia is set to become a solar superpower partly because the center-left government got into power. The center-right is hostile to renewables even though Australia is perfectly situated. This wasn't always the case, the center-right used to be somewhat favorable to renewables until they got radicalized by the usual stuff.
Likewise with the US, the IRA's renewables provisions only got passed because the center-left is in power. Renewables will still grow with Trump in power due to state-level subsidies, but far slower than what would otherwise happen.
My primary concern with all this is this human, political side. Solving this problem is as much a persuasion exercise as a technology exercise. We need to somehow get the political right to drop their defenses. They are blinded by their dislike of lefties and Greta Thunberg and so on, that they are not thinking rationally about the objective market failure that needs to be corrected.
Further on this, we need to present a new narrative to the degrowthers. The degrowth left sees a mutually exclusive trade between growth and climate change. Which is sort of true if conservatives get in power and don't change their belief system.
What's needed is a sustainable growth narrative where you give conservatives their growth and you give the left their lower emissions. It is not that hard to implement if people could just stop being so politically radicalized.