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Solar is now cheapest electricity in history says IEA
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<blockquote data-quote="Whyayeman" data-source="post: 76301950" data-attributes="member: 415320"><p>Why would companies switch away from burning fossil fuels when they can pass on rising costs to consumers? There are too many factors inhibiting the switch to renewables. Electrical generation has been shackled to coal for many years; there is always the need for short term profits to keep share prices buoyant; many boards are averse to risk and hesitate to invest in new technology; and sheer inertia holds companies - and comsumers - back.</p><p></p><p>The change to clean energy requires political will. Governments must put higher taxes on fossil fuel, incentives to switch in the form of tax relief, investment grants, subsidies on electric vehicles and the provision of charging points. Governments should encourage thermal insulation of old buildings and installation of heat pumps for domestic and commercial premises.</p><p></p><p>This is an issue that cannot be left to the market. It has been market forces which have got us into this mess.</p></blockquote><p></p>
[QUOTE="Whyayeman, post: 76301950, member: 415320"] Why would companies switch away from burning fossil fuels when they can pass on rising costs to consumers? There are too many factors inhibiting the switch to renewables. Electrical generation has been shackled to coal for many years; there is always the need for short term profits to keep share prices buoyant; many boards are averse to risk and hesitate to invest in new technology; and sheer inertia holds companies - and comsumers - back. The change to clean energy requires political will. Governments must put higher taxes on fossil fuel, incentives to switch in the form of tax relief, investment grants, subsidies on electric vehicles and the provision of charging points. Governments should encourage thermal insulation of old buildings and installation of heat pumps for domestic and commercial premises. This is an issue that cannot be left to the market. It has been market forces which have got us into this mess. [/QUOTE]
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