German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the Western region of North Rhine Westphalia.

German energy giant RWE has begun dismantling a wind farm to make way for a further expansion of an open-pit lignite coal mine in the western region of North Rhine Westphalia.

I thought renewables were cheaper than coal. How is this possible?

  • Awoo [she/her]English
    0•10 months ago

    I thought renewables were cheaper than coal. How is this possible?

    Renewables are cheaper than coal.

    What you’ve misunderstood about capitalism is it’s not the thing that is cheapest that gets investment. The investment goes to the thing that gives you the highest ROI, return on investment.

    If it produces a better ROI per square meter, it gets the investment.

    The problem is capitalism.