Why poor profits in renewable energy are good news

Few companies are making significant profits from the dramatic improvements in renewable energy and early adopters are not exactly winning out either. Instead, the benefits are flowing to society more generally – and that's exactly why government should support renewable energy.

In writing my Monday article in Climate Spectator (Where are solar prices heading?, June 4), it occurred to me that there is an incredible amount of innovation and improvement occurring in the wind and solar energy industries, but no one seems to be making much money out of it. We’re able to get vastly more energy out of the wind and the sun with less inputs and costs, but the companies and countries that are coming up with these innovations don’t seem to be able to exclude others from cashing-in for very long. 

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