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The fossil fuel industry requires massive continued investment. So it's not clear that renewables would be more affected by high interest rates than fossil fuel
by pasttense01 2y ago
The fossil fuel industry requires massive continued investment. So it's not clear that renewables would be more affected by high interest rates than fossil fuel investment would be.
- cranky908canuck 2y agoI have harped on this before. Say you have a million dollars. It's not hard to spend that on solar so that you have a million dollars of productive capacity. If you spend it on a nuclear plant, you have a deposit on a feasibility study. Fossil seems in the middle; it has a bit of a cheat advantage since backend cleanup costs do not seem to be fully funded. I never knew the term 'overnight cost' until I read the _Construction Physics_ blog, but I will crow that I had thought about the notion. Short turnaround from pennies to production seems to be a killer advantage.