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Comment by bgnn

6 months ago

True. But as usual there is more to it. US is running on cheap fossil fuels to most part, though the renewables aren't negligible too. The fossil fuels are actually subsidized, and they are cheap because they are results of exploitation of cheap land. On top of that there are subsidies like tax breaks on the drilling costs etc.. To be fair this is also the case for hydroelectric etc.

So, similar dynamic. If the oil fields, coal mines etc would be sitting on prime land, you wouldn't have it this cheap. If there weren't subsidies, they wouldn't have been this cheap. It's very hard to compare different energy sources because of this. But solar being cheap isn't only a Chiblnese phenomenon. India, Spain etc all prove this. It's cheap when you have a lot of empty land and sunshine.