This is where a market based system comes a bit short. Fossil fuel prices are going to continue rising. As they rise, they'll put pressure on everything. They are a pillar of our modern economy. Our ability to do large scale investment and infrastructure change is reliant on our ability to redirect the outputs of our economy, and abundant energy.
In other words, the best time to invest in new massive sources of wind and solar is when you still have cheap fossil fuels, not when your economy is staggering from oil shocks, and your cost of construction has risen by like 20% due to energy costs.
Please don't automatically assume the market is falling short here. Many governments including our own play a huge part in manipulating the price of fuels.
In other words, the best time to invest in new massive sources of wind and solar is when you still have cheap fossil fuels, not when your economy is staggering from oil shocks, and your cost of construction has risen by like 20% due to energy costs.