this post was submitted on 18 Feb 2025
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Why doesn't the capitalist economy invest in cheap renewable energy? (www.youtube.com)
submitted 5 months ago* (last edited 5 months ago) by ujeenator@lemm.ee to c/energy@slrpnk.net
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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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[–] ujeenator@lemm.ee 4 points 5 months ago (1 children)

Did you actually listen to the video? They explicitly mention that capitalist countries do subsidize renewable energy, but it’s unreliable due to political fluctuations. Subsidies can be abruptly discontinued with a change in administration (e.g. like new US administration cuts funding). The main point of the video is the investment behavior of energy companies regarding renewable energy, and why, from a Return on Investment perspective, renewables are still not competitive.