Renewable are destroying fossil fuel power generation model

Met a guy from Clingendael  Think Tank at a talk I was giving, recently. He said fuel free energy (renewable) will kill fossil fuel energy business model. How can renewables make money if fuel is free. I looked at him puzzled and really didn’t understand what the problem was. Isn’t that what capitalism does, look for better model, creative destruction, etc. If fuel free is a better modal for jobs and environmental impact, what’s the problem?

Renewables Make German Power Market Design Defunct, Utility Says

By Rachel Morison Bloomberg – Jun 26, 2012
Electricity generation from renewable energy in Germany is reducing power prices and has left the country with a market whose design no longer works, according to Stadtwerke Leipzig GmbH. Click here for entire article


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