This is an argument I’ve been pitching in the Australian context for some 20 years now - we should have been world leaders in solar technology, to the extent that by now we should have massive solar farms across the North of Australia in order to export clean, green energy up to Papua New Guinea, Indonesia and other near-neighbours. We could have created a whole new industry of both research and advanced manufacturing, and if we’d nationally sequester our resources correctly we could be doing every step of the way - dig out the minerals, refine them, manufacture them into panels, export those panels - all the while generating very low cost energy and exporting it for profit as well! Not to mention so many new jobs!
Even once you take away all of the obvious arguments for climate change action (environmental, ethical, prevention of future disasters etc.) there was always going to be a strong financial incentive in a capitalistic market to move to technology that has the lowest input cost to generate energy, which just so happens to be renewables. It just baffles me that so many politicians crucified themselves on the altar of coal when they could’ve been remembered for ushering in simultaneous economic benefit and environmental benefit, with a long term impact of lowered inflation through cheaper power bills, but that’s what the minerals lobby in this country has managed to achieve. What a disgrace.
Good to see a world leader using the economic arguments in addition to the other more obvious ones.
