this post was submitted on 29 May 2024
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That can delay things, but ultimately it will be the US against the rest of the world and no amount of subsidies will be able to offset that. We're already seeing the early stages of that with China having invested heavily in solar. Cheap Chinese made solar panels are starting to drive the cost of solar installs down and China is still ramping up. Between the public backlash against fossil fuels on one side, and increasing economic pressure on the other eventually they'll cave and phase the subsidies out.
Coal and nuke power company provider First Energy straight up bribed the Ohio Speaker of the house with $61 million to get legislation passed to force residential electricity customers to pay extra fees to subsidize unprofitable coal and nuclear power in the state. The former Speaker is in prison now. The extra fees are still being paid by customers even today. source
In Ohio this costs an average residential electricity customer $95/year they have to pay extra on top of their electrical bill.
Arguably it has in Ohio. In 2002 a football sized hole was discovered in the top of pressure vessel eaten away by the caustic cooling water:
They bought a replacement from a mothballed nuke plant.
The plant was supposed to be EOL in 2017, but was extended to 2037.
At the same time Republican lawmakers in Ohio gave oil and gas companies full control over where wells are place, but put rules in allowing the blocking of solar and wind installations. source
Ugh. I hate to say this, but the US is dumb enough to crash into the future hoping that other countries go renewable so oil is cheaper here. It's too late anyway.