The new US President has used his first 24 hours to pull all US government support for the green energy transition. He wants to ban any new wind energy projects and withdraw support for electric cars. His new energy policy refused to even mention solar panels, wind turbines, or battery storage - the world's fastest-growing energy sources. Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.
China was the global leader in 21st-century energy before, but its future global dominance is now assured. There will be trillions of dollars to be made supplying the planet with green energy infrastructure in the coming decades. Decarbonizing the planet, and electrifying the global south with renewables will be the largest industrial project in human history.
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Green energy can ony replace fossil if it's inherently cheaper. Trying to push it with taxpayer money makes no difference
But fossil fuels are "cheaper" with a shit ton of subsidies...
To get cheaper gas, everyone pays taxes, regardless of if you still buy gas or not.
If we end those subsidies, the cost of every fossil fuel skyrockets and people would naturally switch faster....
Like, you're saying "let the free market handle it" while actively ignoring that it's not a free market because the worst option is subsidized.