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by ndsipa_pomu
186 days ago
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Certainly sounds like a sunk cost dilemma. Just because a country has previously invested in fossil fuels, it doesn't follow that they can't get the benefit of solar with future investment. However, there's a lot of powerful money/people/corporations that depend on fossil fuels for making billions - that's the real problem as that skews the market and politics of energy production/distribution. |
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Basically success creates the preconditions for this failure mode in the future.
It might be thought of as a form of overfitting. Success results in overfitting to a local maximum.