If we switched to renewable energy, the cost of coal and oil would crash, but it wouldn’t drop to zero. Wealthier countries would stop producing oil locally and shipments would still circle the globe from countries desperate enough to keep producing at lower profits, to countries that cannot affort the more expensive renewable infrastructure.
That’s not a reason not to switch. We just need to be prepared for the reality that no single solution will resolve all our problems. Conservatives and energy barons will fight tooth and nail, and will point to the new problems as evidence that we never should have switched. was
countries that cannot affort the more expensive renewable infrastructure
This presumes renewables are more expensive. But I would posit that a rapid adoption of renewables is going to occur as the cost of operating - say - a thorium powered container ship falls below that of its coal equivalents.
What I would be worried about, long term, is the possibility that advanced technologies further monopolize industries within a handful of early adopter countries. That’s not an ecological concern so much as a socio-economic concern.
If the experience of the NS Savannah is anything to go by, the major hurdle that ship is going to face is Greenpeace etc. fomenting irrational anti-nuclear hysteria until it’s banned from so many ports that it’ll be too difficult to operate it profitably. I hope I’m wrong and I wish them luck.
Would the price crash or would it stabilize at a much higher price as a specialized commodity where the cost of refining no longer benefits from economies of scale and instead only benefits from buyers who are unable or unwilling to use alternatives?
If we switched to renewable energy, the cost of coal and oil would crash, but it wouldn’t drop to zero. Wealthier countries would stop producing oil locally and shipments would still circle the globe from countries desperate enough to keep producing at lower profits, to countries that cannot affort the more expensive renewable infrastructure.
That’s not a reason not to switch. We just need to be prepared for the reality that no single solution will resolve all our problems. Conservatives and energy barons will fight tooth and nail, and will point to the new problems as evidence that we never should have switched. was
This presumes renewables are more expensive. But I would posit that a rapid adoption of renewables is going to occur as the cost of operating - say - a thorium powered container ship falls below that of its coal equivalents.
What I would be worried about, long term, is the possibility that advanced technologies further monopolize industries within a handful of early adopter countries. That’s not an ecological concern so much as a socio-economic concern.
If the experience of the NS Savannah is anything to go by, the major hurdle that ship is going to face is Greenpeace etc. fomenting irrational anti-nuclear hysteria until it’s banned from so many ports that it’ll be too difficult to operate it profitably. I hope I’m wrong and I wish them luck.
That and developing countries have been able to adopt some green initiatives, which points to them being at least somewhat affordable
Green energy has very short supply lines when compared to fossil fuels. Great if you live somewhere remote or prone to sudden economic distributions.
Renewables are already cheaper than fossil fuel power.
Yes but fossil fuel cost will drop, and they have existing infrastructure
Would the price crash or would it stabilize at a much higher price as a specialized commodity where the cost of refining no longer benefits from economies of scale and instead only benefits from buyers who are unable or unwilling to use alternatives?