Why isn‘t the free market developing new energy fast enough?

Because there is no money to earn. Even with new energy and traditional energy as cheap and does not emit carbon dioxide, but new energy is full of uncertainty, and traditional energy through the test of the facts, the staggering scale of operation, and solves the various regulatory issues, such as "what should we do with the coal ash?" "And" how to be safe?" Without a substantial carbon tax, innovators and traditional energy providers will not have the incentive to switch. 

 

As a whole, the investment of energy power is quite limited, because the industry is different from the digital products, which have been adopted in the speed is very fast, there is no leak commercial secrets or have 20 years under the situation of patent protection, can be hard to imagine huge returns, and almost all the invention of the energy field is in 20 years to achieve large-scale use. As a result, energy innovators are not financially well off. 

 

The rewards of energy advances have largely failed to fall into the pockets of individual innovators, because it is a very conservative market. The r&d investment in energy is extremely low compared to the health and digital products invested heavily in both government and private sectors.