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> Renewables are also unlikely to lower the cost of energy compared to already well-developed fossil fuels that have all the infrastructure for them in place.
by ZeroGravitas 2y ago
> Renewables are also unlikely to lower the cost of energy compared to already well-developed fossil fuels that have all the infrastructure for them in place.
Except this is wrong. 3-4x efficiency gains on top of cheaper prices has a substantial impact even in the US.
This is why the Inflation Reduction act is called that, you can lock in energy at flat prices, while fossil fuel prices rise at higher than inflation rates, and pass that cost saving on to everything that uses energy.