Renewables facing “Enron-style collapse” says Venture Capitalist — Sustainability has become a dirty word « JoNova (joannenova.com.au)

As early as 2018, key industry executives warned that the renewables sector risked an Enron-style collapse because of its insatiable subsidy-dependence. That unwinding is now happening across the wind, solar and EV industries, and it’s driven by dynamics unlikely to be reversed.

As demand falters, skyrocketing costs are outstripping even massive subsidies.

via climate science

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November 22, 2023 at 09:39AM