The fundamental shift is that renewables have become a market of its own.
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The fundamental shift is that renewables have become a market of its own. It is no longer defined by being the alternative to fossil fuels. The fossil fuel industry told us for many years that we have at max 30 years of oil and gas left to exploit (thus trying to keep prices high). But now that renewables go their own way, the fossil fuel industry is panicking and prices go *down*. #UnpopularOpinion I guess
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The fundamental shift is that renewables have become a market of its own. It is no longer defined by being the alternative to fossil fuels. The fossil fuel industry told us for many years that we have at max 30 years of oil and gas left to exploit (thus trying to keep prices high). But now that renewables go their own way, the fossil fuel industry is panicking and prices go *down*. #UnpopularOpinion I guess
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The second underestimated factor, in my opinion, is that renewables are more local, which attacks the oligarchic power of grid companies. Microgrids, serving a local community with electricity with renewables and local storage capacities could lead to a higher level of decentralisation on the grid level. In regions where centralised grids didn't exist (Africa, chunks of South America) this is already happening.
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