alt Hacker News> With a bit of social pressure we should be able to extinct the fossil fuel industry
Taking Europe versus China, California versus Texas, it seems like social pressure is less effective than markets. Let markets build the power source they want to build and lo and behold you get lots of solar and wind and batteries.
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Wait, which part is China and which is Europe? Solar didn't win in China because of social pressure, but also not because of market forces. It did win because the CCP made energy independence a political goal.
It's a cute ideal, but you can't disentangle government from the energy sector. It's too big.
How do markets build infrastructure as large as an LNG terminal without the government tipping the scales with various guarantees? How do you build a literal coastline of refineries without government clearing the way with permissive regulations? How can you say "let markets figure it out" when the US military is the acquisition department of Halliburton's Iraqi joint venture?
Pretending "markets can figure it out if we just remove government subsidies" is hopelessly naiive. Geopolitics is mostly energy policy.
If we let the markets have their way, Earth becomes unhabitable. Coal and oil plants aren't being shut down. In fact, we have more than ever with additional ones on the way.
That’s true today, it wasn’t true when Germany was heavily subsidizing solar to get economies of scale going.
Solar is historically a great example where public / private collaboration actually had a place. Even if today it’s time to let market forces work.