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

submitted 4 days ago* (last edited 4 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] 3 points 3 days ago (1 children)

What to consider for China is, that it exports a shit ton of products into other countries. What this means is, that emissions that should be advocated to the EU or US are being emitted in China, which is part of the reason why it has such high emissions.

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

That's really cool that they're producing so much stuff, but I don't give a shit, I don't care if they're the #1 maker of carbonated dildos, and the US and EU have no market for building those things, it means nothing to me being #1 in renewables manufacturing and yet having co2 emissions go up, it means that even though they're producing a lot of renewables they're still sucking compared to the USA and EU and rest of the western world when it comes down to the cold hard facts, they're not reducing their co2 output

SINGAPORE, Feb 13 (Reuters) - China started construction on 94.5 gigawatts of coal-fired power in 2024, the highest volume of new builds since 2015, hampering the country's transition away from fossil fuels, researchers said in a report published on Thursday.

https://www.reuters.com/business/energy/chinas-2024-coal-power-construction-hits-10-year-high-researchers-say-2025-02-13/

Compare that to the UK:

UK's last coal-fired power plant officially closes as 'ambitious' energy transition takes hold

https://www.abc.net.au/news/2024-09-30/last-coal-fired-power-plant-in-uk-officially-closes/104378430

And Australia:

The current coal capacity in the NEM is 23GW, and 1.6GW in the SWIS, totalling 25GW in Australia

We're shutting ours down not starting them up