I am skeptical of that statement.
Even if it is true, for now, I believe for now probably won’t last long.
I guess we’ll see.
you do realize that those investors are not investing in the product but in the government check thats going to pay for it i hope? they could care less about whether it works long term or fails right after they get their money
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What it has to do with is, the whole truth…which is more than what the headline in this article, stated.
Coal, oil, and natural gas received $5.9 trillion in subsidies in 2020 — or roughly $11 million every minute — according to a new analysis from the International Monetary Fund.
https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds
I am pretty sure that capital investments in prisons are set to outstrip investment in headstart.
Must be the right thing to do.
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Explicit subsidies accounted for only 8 percent of the total. The remaining 92 percent were implicit subsidies, which took the form of tax breaks or, to a much larger degree, health and environmental damages that were not priced into the cost of fossil fuels, according to the analysis.
Sorry but not even close to being the same thing.
Even if you want to wave off “implicit subsidies” such as tax breaks, which doesn’t make sense to me because tax breaks are used to prop up certain industries, 8 percent of $5.9 trillion is still about $50 million.
How much do you think your tank of gas would cost without government tax breaks and other subsidies?
If you get an answer to that, don’t forget to factor in federal and state taxes. Not only are there subsidies, the consumer then has to pay an additional tax.
WW
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That isn’t at all what I pointed out but keep ignoring the truth that of the remaining 92%, the “larger degree of heath and environmental damages” that were not priced into the cost of fossil fuels. This is the majority of what was counted, applying to how they coined it and that’s pure opinion, not factual.
The point is, the government subsidizes and provides tax breaks for traditional fuels, it’s not a free market.
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I understand but the article was twisting the truth and not comparing apples to apples as to what I was pointing out. The two are not on par with each other, even though I’m sure that there are tax breaks involved and the number of $5.9 trillion was the larger of 92% a ridiculous number.
Okay. I used the article to point out that traditional energy sources receive government support, just like some non-traditional sources do.
Fair enough and thank you. My point was, it’s not even close to the same scale.
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The costs for wind turbines are going up. Some of that comes from big increases in the cost of steel and other commodities. Another factor is that the most attractive sites are already built.
As far as security, many of the wind project are located offshore and rely on undersea power cables. Terrorists were able to blow up the Nord Stream pipeline; they can blow up power cables as well.
