
Are markets the right tool for decarbonizing electricity?
Volts
Challenges and Solutions for Accelerating Renewable Energy Transition
The chapter delves into the challenges faced by renewables in low-profit markets and explores the importance of government support and reform in driving the transition to decarbonization. It discusses the need for proper regulations, incentives, and market designs tailored for renewables, highlighting the inefficiencies of current market structures designed for fossil fuels. The conversation also touches on the potential benefits of government ownership of renewables, challenges in financing decarbonization efforts in developing countries, and the concept of returning to vertical integration for more effective decarbonization strategies.
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