“Green” Hydrogen Subsidies Are 1,900x Larger Than What’s Given To Nuclear

Subsidies are a drug. Given enough subsidies everything may look like it’s profitable. The basic idea was to kick off something and then release it onto the market for a life free from subsidies. But this initial idea works only to a point as recipients get used to the flow of cash very fast. And they optimize their project not for optimal performance but rather for optimal tax-money take. Shareholders want their piece – they don’t care if the market or the government provides it. They prefer government money as it takes the market risk away. But it is the market risk that allows separating the sick from the healthy companies and projects. Subsidies make sure that the sickos live and zombify the economy. 

Linkedin Thread