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> In contrast, countries that earn large amounts of revenue from exporting fossil fuels will be much less interested in developing a technology that will end up
by usrusr 3y ago
> In contrast, countries that earn large amounts of revenue from exporting fossil fuels will be much less interested in developing a technology that will end up making their exports worthless if optimized
Usually, when your product is about to be replaced by something different, you want to be the one who makes that new different thing. Everybody who isn't depending on selling the old one has a little less incentive to be the one supplying the replacement. For all others, not investing in the new thing has lower opportunity cost than for exporters of the old thing. So from a game theory perspective, the incumbents can and will outspend others in investment in the new thing. Unless they don't try.