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A truly idiotic investment when renewables are already cheaper than existing fossil fuel infrastructure (much less new infra)
by mperham 4mo ago
A truly idiotic investment when renewables are already cheaper than existing fossil fuel infrastructure (much less new infra)
- JumpCrisscross 4mo agoThis attitude misses the realities of scale bottlenecks and sunk costs. If we ignore climate externalities, it makes sense to build solar as fast as we can and also pump oil, preferably for export.
- andyjohnson0 4mo ago> If we ignore climate externalities, it makes sense to build solar as fast as we can and also pump oil, preferably for export. I appreciate that "externalities" is a term from economics. But its also worth remembering that there are no externalities when it comes to the global climate and atmospheric system. There is precisely one planetary atmosphere and we all share it. When we degrade its ability to support life then that ultimately affects all life.
- Zopieux 4mo agoWhite executives in their late 60s cannot care less, they'll be dead by then
- barney54 4mo agoTypes of energy are not fungible. In some circumstances they are, but not always.
- mperham 4mo agoYour statement is true, but does not imply that we need new fossil fuel investment.
- Dig1t 4mo agoThe entire planet is energy-constrained right now, there aren't enough solar panels or batteries to power all the demand we have, and the demand only continues to grow. We are so energy constrained in fact that people are trying seriously to deploy new nuclear in the US. Even with countries like China massively subsidizing solar, we're still not going to have enough renewable energy deployed.