this post was submitted on 18 Feb 2025
58 points (89.2% liked)

Green Energy

2464 readers
122 users here now

Everything about energy production and storage.

Related communities:

founded 2 years ago
MODERATORS
[email protected]
[email protected]
58
Why doesn't the capitalist economy invest in cheap renewable energy? (www.youtube.com)
submitted 4 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]
21 comments fedilink hide all child comments
 

Disclaimer: OP doesn't support CCP or authoritarian communism.

TLDR Despite significant advancements and price drops in renewable energy sources, the lack of profitability compared to fossil fuels hinders investment and expansion. Factors like unbundled energy markets, volatility in pricing, and reliance on private investment further complicate the transition. The narrative calls for a reevaluation of energy production systems, advocating for state-led, publicly funded renewable projects to ensure a viable path toward sustainable energy solutions.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 3 points 4 days ago* (last edited 4 days ago)

Yanis Varoufakis has done a few interviews and videos on the topic which you can find on YouTube.

Some industries are doing that, yes. But due to very low natural gas prices until 2022, much of the industry has slept on the issue and now with general economic headwinds are not necessarily prioritizing such investments due to other bigger problems.