I. Cooperativesa. People working together to accomplish task that could not be accomplished alonei. Used to be part of the economic landscapeii. But are now viewed as socialist efforts in Americab. Americans have lost the ability to dream about what a better America would look likec. Solar panels 99% price drop and 90% drop in wind shore land LED lights 85% price dropi. All these prices continue to drop: German Feed in Tariff helped the prices of solar panels and wind shore prices to go downii. Scale up: have very high prices at first, market towards the upper class and early adapters1. Prices start to decrease due to competitors entering, increase in efficiency, and increase in customer baseiii. Dumping: when you destroy competition by selling products under the price of productioniv. NO reason to give mature industries subsidies1. But oil and gas industry is still given subsidies, because they are hardwired in the tax codesd. Big think tanks are trying to destroy renewable energiesi. Example Koch brothers: they get most profits from oil and gas industries; they killed cap and trade legislation, are putting down alternative fuels, they allow subsidies for oil and gas but don’t allow it for alternative energiese. Research subsidies: many believe research should be stay in the private sectorf. Subsidies can be distorting and bad if they don’t go awayII. Regulatory Changea. Japan’s advantage over USi. Japan is more focused on being efficient; whereas, efficiency in US is criticized by being wrong and that government needs to step outii. Japan is regulated which makes them very efficientiii. 1991 East and West Germany was separated and West Germany was kept as communist side.1. East Germany was way behind and had a lot of debt when the wall came down2. Money was made from pollution tax to pay off debtiv. Duke energy is facing huge problem with where to put coal ash; in Germany it is made harmless and put into construction now (landfills are banned in Germany)ENST 201 1st Edition Lecture 31 Outline of Last Lecture I. Markets Scaling UpII. Feed in TarifIII. Student ActivismOutline of Current Lecture II. CooperativesIII. Regulatory ChangeCurrent LectureThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.I. Cooperatives a. People working together to accomplish task that could not be accomplished alonei. Used to be part of the economic landscapeii. But are now viewed as socialist eforts in Americab. Americans have lost the ability to dream about what a better America would looklikec. Solar panels 99% price drop and 90% drop in wind shore land LED lights 85% price dropi. All these prices continue to drop: German Feed in Tarif helped the prices of solar panels and wind shore prices to go downii. Scale up: have very high prices at first, market towards the upper class and early adapters1. Prices start to decrease due to competitors entering, increase in efficiency, and increase in customer baseiii. Dumping: when you destroy competition by selling products under the price of productioniv. NO reason to give mature industries subsidies1. But oil and gas industry is still given subsidies, because they are hardwired in the tax codesd. Big think tanks are trying to destroy renewable energiesi. Example Koch brothers: they get most profits from oil and gas industries; they killed cap and trade legislation, are putting down alternative fuels, they allow subsidies for oil and gas but don’t allow it for alternative energiese. Research subsidies: many believe research should be stay in the private sectorf. Subsidies can be distorting and bad if they don’t go awayII. Regulatory Changea. Japan’s advantage over USi. Japan is more focused on being efficient; whereas, efficiency in US is criticized by being wrong and that government needs to step outii. Japan is regulated which makes them very efficientiii. 1991 East and West Germany was separated and West Germany was kept as communist side.1. East Germany was way behind and had a lot of debt when the wallcame down2. Money was made from pollution tax to pay of debtiv. Duke energy is facing huge problem with where to put coal ash; in Germany it is made harmless and put into construction now (landfills are banned in