Earlier quoted context omitted.
When you consider that governments spend trillions of dollars a year subsidizing fossil fuels (this is not an exaggeration), maybe that’s why it hasn’t been taken up despite it being cheaper? And because like any new technologies there are additional factors, such as fear of different and new, and entrenched interests pushing against the new efforts. https://www.vox.com/2019/5/17/18624740/fossil-fuel-subsidies...
> When you consider that governments spend trillions of dollars a year subsidizing fossil fuels (this is not an exaggeration) It is an exaggeration, and it's mostly on the consumption side, not production. Why does the OECD come up with $150-$200BB a year in subsidies? Why is the IEA estimate ~$400BB?: https://www.carbonbrief.org/explainer-the-challenge-of-defin... The IMF report says a whopping $4.6TT of the $5.2TT…
Obviously, on-road fuel is not currently competing with solar panels.
[0] https://www.imf.org/~/media/Files/Publications/WP/2019/WPIEA...