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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 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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[+] endeavor@sopuli.xyz -9 points 4 days ago (5 children)

checks countries that invest in green energy Huh they're all capitalist. Strange, its as if this video is commie propaganda for idiots.

[–] ujeenator@lemm.ee 4 points 4 days 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.

[–] endeavor@sopuli.xyz 0 points 3 days ago (1 children)

No i didn't, thanks for the summary. Seems like capitalism is going against the tankie propaganda and investing in things that are not profitable since capitalists are not evil.

[–] pupbiru@aussie.zone 2 points 3 days ago (1 children)

being anti-capitalist is not the same as being a tankie. conflating the 2 is how labels get diluted

[–] endeavor@sopuli.xyz 1 points 3 days ago (1 children)

American capitalism and capitalism are 2 different things. America is a 3rd world anti humane shithole, while europe is just fine.

[–] pupbiru@aussie.zone 1 points 3 days ago

also absolutely true!

i’d even say that anti-capitalist and anti-capitalism are different things too

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