[Jweb_Guru]

Yup. Everyone keeps saying "people ignore the cost of batteries!" but what the thing everyone in all these threads ignores is that fossil fuels have absolutely amazing economics and will for much longer than it will take to inflict catastrophic ecological damage on the world. Waiting for them to become more expensive than renewables just means that by the time you finally panic and start building storage and nuclear infrastructure, fossil fuels will be so expensive that the last thing people are interested in is big public works projects.

[api]

This really is a classic tragedy of the commons issue that requires government intervention of some form. We have to put a price on fossil fuel externalities and push alternatives. Markets are short term optimization engines and can’t price in what they can’t “see.”

Market fundamentalism is the doppelgänger of dogmatic Marxism and is no better.