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by toddmorey
425 days ago
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That's the only environmental hope I've been able to hang onto. It's now cheaper in most places[1] for net new energy installations to NOT use fossil fuels. I knew environmentally conscious approaches could never survive being the morally correct yet more expensive option. [1] IRENA 2023 report shows that solar photovoltaic (PV) generation was 56% less expensive than the weighted average fossil fuel-fired alternatives, despite being 414% more expensive back in 2010. Bloomberg New Energy Finance found in March 2021 that "renewables are the cheapest power option for 71% of global GDP and 85% of global power generation." |
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This is one of the best takes I've read about the fossil fuel versus clean energy dilemma. Maybe it's lucky for humanity that moving towards clean energy is becoming so cost effective, thanks to many past government initiatives (from all over the world) that added momentum, and the many green energy related businesses that are now in existence.