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Why doesn't the capitalist economy invest in cheap renewable energy? (www.youtube.com)

submitted 3 days ago* (last edited 3 days ago) by [email protected] to c/[email protected]

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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.

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[–] [email protected] 2 points 3 days ago* (last edited 3 days ago) (1 children)

but has a blind spot in how it can be gamed if a few large companies conspire in keeping the electricity a mix.

Interesting, thank you for insights, is there anybody on youtube or podcasts who provide any analysis on this topic for EU?

As a result electricity prices for private and industrial consumers are high

Does that mean, that it may be cheaper for them in advance, to build their own solar plant + large energy storage? e.g. with 3-5 years ROI

[–] [email protected] 3 points 3 days ago* (last edited 3 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.