I thought with the explosion of electric power and windmills and the electric vehicle boom, fossil fuels would not be required…
Yet, a lot of countries still generate coal and other fossil fuels, is it because there is still filthy amounts of profit there to be made? Maybe they are just so used to it they don’t wanna swap to another resource?
I thought with Solar panels being massively produced, it would sell like hot cakes and you’re literally having the power of the sun in your hand.
Source
the transformation takes time ;-)
The correct answer.
Yes, yes, fossil fuel companies have a lot of political influence and are actively hindering the adoption of clean technology. But also, the world uses a lot of energy, and it takes time to build the capacity in renewables to make headway. More money would make things faster, but there is no real monetary incentive right now.
dude, solar energy is literally the cheapest form of energy right now. there is a real monetary incentive.
Cheapest to collect and use there and then? Sure, out of all new power generation.
But when it comes to using the power when it’s needed most, solar is very expensive because….well it produces nothing when the sun goes down and people need power. It then relies on storage, which is expensive.
But you know what is cheaper than building a bunch of new solar? Not building that solar and continuing to use the coal plant that already exists. Hence the need to price CO2eq so that the coal plant is paying out the ass and becomes non-viable.