This is not “capitalism accidentally solves climate change”. This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way. From there, capitalism took over, as intended. For green energy to be be feasible, we needed it to get picked up by the capitalist machine, because the capitalist machine has all the power and infrastructure in place to make it into a succes.
I predict that the same thing will happen with large capacity, small size home batteries once they become economically feasible. They are on the brink of becoming profitable and once they do, they will become a huge success and help reduce energy waste.
Same thing goes for fusion, but we’re a long way off making that economically viable.
This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way
I think this oversimplifies it a lot. There were a lot of different actors involved - I’m sure a lot of development was coming both from the semiconductor industry, and from state funded research, but in the end, the greed machine (aka capitalism) takes care of further researching and scaling it to the global level.
Also it’s not like there wasn’t any money in that business years ago - even back then solar was commonly used as a remote power source in mobile applications (calculators, camping and so on). Also NASA, but this was purely state funded
This is not “capitalism accidentally solves climate change”. This is the effort of many people pushing for more development in green energy until it was able to be produced at a cost efficient way. From there, capitalism took over, as intended. For green energy to be be feasible, we needed it to get picked up by the capitalist machine, because the capitalist machine has all the power and infrastructure in place to make it into a succes.
I predict that the same thing will happen with large capacity, small size home batteries once they become economically feasible. They are on the brink of becoming profitable and once they do, they will become a huge success and help reduce energy waste.
Same thing goes for fusion, but we’re a long way off making that economically viable.
I think this oversimplifies it a lot. There were a lot of different actors involved - I’m sure a lot of development was coming both from the semiconductor industry, and from state funded research, but in the end, the greed machine (aka capitalism) takes care of further researching and scaling it to the global level.
Also it’s not like there wasn’t any money in that business years ago - even back then solar was commonly used as a remote power source in mobile applications (calculators, camping and so on). Also NASA, but this was purely state funded