Capitalism is all about short-term profit. These sorts of long-term questions and concerns are not things shareholders and investors think or care about.
Funny thing is that capitalism accidentaly solves global warming same way as it created it - turns out renewables are cheaper than fossil fuel, and the greed machine ensures the transition to more cost efficient energy sources
This is not “capitalism accidentally solves climate change”. This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way. From there, capitalism took over, as intended. For green energy to be be feasible, we needed it to get picked up by the capitalist machine, because the capitalist machine has all the power and infrastructure in place to make it into a succes.
I predict that the same thing will happen with large capacity, small size home batteries once they become economically feasible. They are on the brink of becoming profitable and once they do, they will become a huge success and help reduce energy waste.
Same thing goes for fusion, but we’re a long way off making that economically viable.
This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way
I think this oversimplifies it a lot. There were a lot of different actors involved - I’m sure a lot of development was coming both from the semiconductor industry, and from state funded research, but in the end, the greed machine (aka capitalism) takes care of further researching and scaling it to the global level.
Also it’s not like there wasn’t any money in that business years ago - even back then solar was commonly used as a remote power source in mobile applications (calculators, camping and so on). Also NASA, but this was purely state funded
Last I heard, there were proposals already put forward that would quintuple the current natural gas supply. Even though it’s more expensive than renewables.
The companies that got natural gas off the ground in the first place might not see a return on that investment for another decade or two. There’s a reason every year demand for natural gas has been going up.
Back around the housing collapse, natural gas was being touted as a “bridge fuel” that could get us away from filthy coal and serve as a temporary energy source until we got renewables up to speed. Funnily enough, what’s been built doesn’t seem like much of a bridge because there’s no plan for ramping down natural gas.
Yup, economics are all about “LiNe mUsT gO uP!!!” It’s infuriating as all hell for people that can actually see further than the tip of their own nose.
Capitalism is all about short-term profit. These sorts of long-term questions and concerns are not things shareholders and investors think or care about.
Further proof of this: Climate change.
Funny thing is that capitalism accidentaly solves global warming same way as it created it - turns out renewables are cheaper than fossil fuel, and the greed machine ensures the transition to more cost efficient energy sources
It’s a hopeful idea, but it may be too late.
Should not stop us from trying though
Agreed.
I seriously doubt it’s too late, it’s more of a question how much damage will it cause
Alternatively: too late for who?
This is not “capitalism accidentally solves climate change”. This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way. From there, capitalism took over, as intended. For green energy to be be feasible, we needed it to get picked up by the capitalist machine, because the capitalist machine has all the power and infrastructure in place to make it into a succes.
I predict that the same thing will happen with large capacity, small size home batteries once they become economically feasible. They are on the brink of becoming profitable and once they do, they will become a huge success and help reduce energy waste.
Same thing goes for fusion, but we’re a long way off making that economically viable.
I think this oversimplifies it a lot. There were a lot of different actors involved - I’m sure a lot of development was coming both from the semiconductor industry, and from state funded research, but in the end, the greed machine (aka capitalism) takes care of further researching and scaling it to the global level.
Also it’s not like there wasn’t any money in that business years ago - even back then solar was commonly used as a remote power source in mobile applications (calculators, camping and so on). Also NASA, but this was purely state funded
Removed by mod
Last I heard, there were proposals already put forward that would quintuple the current natural gas supply. Even though it’s more expensive than renewables.
The companies that got natural gas off the ground in the first place might not see a return on that investment for another decade or two. There’s a reason every year demand for natural gas has been going up.
Back around the housing collapse, natural gas was being touted as a “bridge fuel” that could get us away from filthy coal and serve as a temporary energy source until we got renewables up to speed. Funnily enough, what’s been built doesn’t seem like much of a bridge because there’s no plan for ramping down natural gas.
Colour me shocked.
Cool, when is that going to start happening? Because I only see a handful of electric cars and I see a whole ton of coal power plants.
Apparently right now https://www.euronews.com/green/2024/05/08/a-major-turning-point-more-than-30-of-worlds-energy-now-comes-from-renewables-report-revea
Wow! More than 30%! Global warming over!
Did you mean to say shareholder and corporate management? Investment itself (especially diversified) is completely about long-term performance.
Well that’s not true at all. The vast majority of investors are in it for the long run.
Yup, economics are all about “LiNe mUsT gO uP!!!” It’s infuriating as all hell for people that can actually see further than the tip of their own nose.