I like green energy, I support green energy, but anyone calling the current green energy market “free market” doesn’t know anything about green energy or free markets.
The whole market is propped up by massive government money and regulation on a global scale. Investors are piling into it in part because they know full well that’s where the government money lives.
Honestly, it’s pretty reasonable for most people not to realize how much it’s subsidized and supported, because most people don’t really know much about the where all that money goes and how, including most of the government.
The entire energy industry is like this though. All over the western world too.
The fossil fuel energy industry subsidies according to IMF and has surpassed $7 trillion just in the US. Talk about propping up the industy.
In 2021, NYT reported on a study saying that subsidies were at $5.9 trillion
Yeah, lots of crony capitalism and corruption out there. And nobody in any party is actually going to do anything about it.
The US government currently continuing a long standing tradition of energy subsidies
This is the way the world has worked since I don’t know when. ‘Free markets’ are a cute academic abstraction, not a real thing that ever was.
If we value the economy and wealth more than the survival of our species … we probably do deserve extinction.
Inflation Reduction Act
nice
We are still fucked.
We have to deal with the extra heat, too.
Get solar punk
