Elon Musk discusses the changes need for incentivizing renewable energy production.The interview was at the 2018 SXSW event where Elon Musk was interviewed by Jonathan Nolan.
Link to the original interview:
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Transcription:
Sustainable energy is also obviously really important.
That's tautological:
If it's not sustainable, it's unsustainable.
How close are we to solving that problem?
Well, I think that the core technologies
are there with
wind, solar, and with batteries.
The fundamental problem is that
there's an unpriced externality in the cost of CO2.
The market economics works very well if things are priced correctly.
But when there's when things are not priced correctly
and something that has has a real cost has zero cost,
then that's where you get distortions in the market
that inhibit the progress of of other technologies.
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