#57 – Greg Nemet on Technological Change and How Solar Became Cheap
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Why Electric Utilities Don't Like Solar?
I think it highlights, yeah, the importance of some of these like political economy questions. It's that the electric utilities are going to all of a sudden kind of lose their source of revenue because solar is going to undercut them. And they did. Most of the electric utilities in Germany went bankrupt in this period partly because of wind and partly because of solar. But you know, that lesson was learned across the world.
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