I just heard a clueless newsie on Fox calling for "an industrial policy from Washington" to create a US based renewable energy industry. Arrgh.
Industries are not created by "industrial policy" Industries spring up to serve customer needs when ever the customer has money to pay for it. We will get a renewable energy industry as soon as anyone can make money selling renewable energy. Right now electricity from renewable sources costs 10 times what electricity from conventional sources does. Plus wind and solar electricity goes off when the wind stops blowing or the sun sets. Which makes such electricity both expensive and undependable. Who will buy that?
No amount of industrial policy can create an industry to loose money.
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