Fallacy 8: Free Market Forces Will Drive The Transition to Renewables
Update: 2025-04-22
Description
This episode considers the challenge of transitioning to renewable energy. Rapid adoption of renewables is essential, but many governments appear reluctant to intervene in the energy market. Instead, there appears to be a reliance on free market forces. This strategy seems to be based largely on political ideology. However, this policy of abdicating responsibility to market forces does not apply to the fossil fuel sector, which receives massive financial support from governments. This discussion unpicks the contradictions and flaws in political strategies that rely on free market forces to drive the transition to renewables.
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