I thought with the explosion of electric power and windmills and the electric vehicle boom, fossil fuels would not be required…
Yet, a lot of countries still generate coal and other fossil fuels, is it because there is still filthy amounts of profit there to be made? Maybe they are just so used to it they don’t wanna swap to another resource?
I thought with Solar panels being massively produced, it would sell like hot cakes and you’re literally having the power of the sun in your hand.
Sunk costs are sunk and don’t count. It doesn’t pay to build a coal power plant but is already there so you only pay for fuel to run it. This the ammortized costs and current costs are different and so it pays to run the old plants.