Re:Solar and Wind Power So Cheap They’re Outgrowing Subsidies
by triceratops on Thursday September 19, 2019 @05:16PM
(#21020842)
It has to be expensive enough to depress consumption and/or promote more efficient use. Countries where oil is expensive have better fuel efficiency, for example.
Re:Solar and Wind Power So Cheap They’re Outgrowing Subsidies
by robocat on Thursday September 19, 2019 @06:18PM
(#21021316)
Doubling the price doesn't help much (inelastic). Look at countries with huge petrol taxes and they still use heaps: https://www.globalpetrolprices.com/gasoline_prices/
I'm in New Zealand, and plenty of us have serious gas guzzlers even though petrol is far more expensive than in the US. A bunch of Scandinavian countries are twice as expensive as the US.
Buying oil is already expensive, yet we buy too much of it.