• FoundFootFootage78@lemmy.ml
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    6 days ago

    Those efforts are facing an uphill battle, because renewables are so much cheaper. Any country that doesn’t go all in on renewables will lose all their energy intensive industries to other countries.

    Since Trumps election the forecast have been revised down from 2.7 to 2.6 and I suspect that is because of the prices of renewables.

      • FoundFootFootage78@lemmy.ml
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        4 days ago

        Not really. I don’t remember my sources and half just put them together halfhazardly to reach this conclusion.

        We know renewables are cheap, and we know expensive energy is terrible for an economy. Though maybe if renewables take off massively then fossil fuels will become much cheaper.