| I wish I knew. I'm sure I'm not alone. My current belief is that it just comes down to lack of investment. Compare the current outlooks of biofuels, "next generation" nuclear, and now green H2. The IRA is building a H2 economy, from scratch. Soon, the govt will pay anyone anywhere a stupid amount of money to make "green" H2 (details are still being hashed out). It's stupid to not get in on the action. So that govt investment begat a torrent of private investment. And now we're off to the races. Just like how the Obama administration bootstrapped PV solar and lithium ion batteries, in 20 years we'll look back at the passing of the IRA as the genesis of our H2 economy. In their times, both biofuels and nuclear were supposed to be the next big thing. But instead of forging industrial policy and committing to moonshot level investments, our neoliberals predecessors had faith these nascent industries would magically emerge from the "free market". |