this post was submitted on 27 Nov 2023
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Thank god for that, we're all saved!
This is a necessary, but not sufficient, step towards stabilizing temperatures. Cheap renewables make it possible to displace fossil fuels, but don't actually do that unless we force it to happen.
The beauty of the market system is that you do not have to force it - it will happen by itself if there are no factors (like bad laws) preventing that.
First of all you have to force it in a way of subsidizing it until it becomes cheap. Many countries did that with solar and wind for 2-3 decades now.
Then secondly there are still many laws in place or policies that support the fossil-based industries, so action is still required to u leash the full potential renewables bring to the table
The first step is already done - it became cheaper. Agree on the second step, and you t is exactly what I wrote “like bad laws” in my post.