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by throwaway60742
983 days ago
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People don't want to pay for it. The cost of the wind/solar project itself is not the full story - you also need energy storage, and that's very expensive. You also need to rebuild the electrical grid to handle the peak power output to be able to store it. In EU countries, at least part of these very significant costs are paid for by everyone - not just the company operating the wind/solar projects who profit from it. Some people don't want to have higher taxes just so a business gets profit. |
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Coal and gas plants are closing because they cannot compete on price with solar/wind + battery storage.
The cost advantage is not true everywhere but the future is clear. Coal and gas will not become cheaper. Solar and wind is most expensive today it'll ever be.
Storage in particular is so early in the cycle that we can expect the cost will drop at least in half. We've barely started making battery storage, the industry has 100x growth ahead.
And this is without pricing the real costs of using oil & coal & gas like all those people who have asthma (or worse) because they inhale the fumes.
Even living in a city (cars) has clear statistical link to increased asthma and other respiratory diseases compared to places with less cars.