Quote:
Originally Posted by Wolven
Also, if you look at those developing countries, a lot of them are looking to leapfrog into electrification. With the new technology advancements and lowering cost of green technology it is becoming more and more reasonable for them to go green immediately and skip having to invest a bunch of money into legacy combustion technology just to have to invest a bunch more money to replace it all.
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There’s also a geopolitical aspect to it. Install renewables and they produce independently for a reasonable period of time (some maintenance obviously) but rely on O&G and your energy supply is at the whim of the markets.