Let's just go with the headline- so it might raises energy bills by $250, but on the other hand cut taxes by $500?
Most things that require subsidies don't work because they are more expensive solutions than the alternatives that exist in the market. Supporting those programmes will necessarily cost more overall (hence the 500 number I made up above is bigger than the 250 number they made up).
tzs · 1h ago
In the case of subsidizing clean energy I believe that most analysts have found that it results in a big net improvement in the long run.
Markets can get stuck in a local minimum where even though there is another local minimum that is lower than the current local minimum the market on its own won't move to that lower minimum because the cost to get out of the current local minimum is more than individual actors can afford.
Also in the case of clean energy there are benefits that aren't captured in the market price of clean energy or the price of fossil fuels, such as the effects of pollution. Pollution from fossil fuels leads to a lot of health costs in humans and also significantly reduces crop yields for example.
micromacrofoot · 1h ago
a lot of subsidies ease early adoption and help scale up manufacturing and installation so prices can come down
amanaplanacanal · 44m ago
I don't understand the Republican hatred for renewables.
Apreche · 26m ago
It’s not complicated. The Republican party serves the interests of the obscenely wealthy. That very much includes fossil fuel tycoons and friends. If people believe in climate change, fight it, and move away from fossil fuels, that ruins their investments and their fortunes. They don’t like that.
This bill ensures those in power increase their power. The transfer of wealth continues and wealth inequality grows. From their point of view, mission accomplished. They don’t care if people or the Earth itself are harmed. They actually enjoy that it harms others.
I keep saying this, but I have to say it again. They are just evil. When you accept this, everything about the right wing is easy to understand.
There are so many problems with this article.
Let's just go with the headline- so it might raises energy bills by $250, but on the other hand cut taxes by $500?
Most things that require subsidies don't work because they are more expensive solutions than the alternatives that exist in the market. Supporting those programmes will necessarily cost more overall (hence the 500 number I made up above is bigger than the 250 number they made up).
Markets can get stuck in a local minimum where even though there is another local minimum that is lower than the current local minimum the market on its own won't move to that lower minimum because the cost to get out of the current local minimum is more than individual actors can afford.
Also in the case of clean energy there are benefits that aren't captured in the market price of clean energy or the price of fossil fuels, such as the effects of pollution. Pollution from fossil fuels leads to a lot of health costs in humans and also significantly reduces crop yields for example.
This bill ensures those in power increase their power. The transfer of wealth continues and wealth inequality grows. From their point of view, mission accomplished. They don’t care if people or the Earth itself are harmed. They actually enjoy that it harms others.
I keep saying this, but I have to say it again. They are just evil. When you accept this, everything about the right wing is easy to understand.