It doesnt make the alternative cheaper though. It just means everything becomes more expensive, hence a reduction in standards of living and purchasing power.
The key is to make the alternative more competitive by making it cheaper than fossil fuels, not by making fossil fuels more expensive than renewables. And that can only happen if industry keeps doing R&D at low costs by using the cheapest form of energy possible (fossil fuels) until they bring down the price of renewable technology to the level of fossil fuels. Then society will naturally switch to using renewables.
O_K_D t1_j6bizmi wrote
Reply to comment by green_flash in Hundreds of climate activists were arrested in The Hague after blocking the A12 highway in both ways on Saturday afternoon in protest at government subsidies for fossil fuels such as oil and gas by DoremusJessup
It doesnt make the alternative cheaper though. It just means everything becomes more expensive, hence a reduction in standards of living and purchasing power.
The key is to make the alternative more competitive by making it cheaper than fossil fuels, not by making fossil fuels more expensive than renewables. And that can only happen if industry keeps doing R&D at low costs by using the cheapest form of energy possible (fossil fuels) until they bring down the price of renewable technology to the level of fossil fuels. Then society will naturally switch to using renewables.