Energy

If green energy were to be decoupled from the price of fossil-derived electricity, even the most diehard fossil fuel supporting dinosaur would switch to green electricity and there would be a stampede to generate it. Why? Because it's almost half the price (based on 2021 prices, before the current crisis) and human nature would take over.

Allow green electricity to set its own price and there would be a boom in green energy production as demand soared - and prices would fall further still. It would all be Britain's too and not traded on the open market like oil and gas are. Even though oil and gas a traded on a market, it's not a free market, as OPEC limits production to maximise profits.

Agreed that it requires some technological advancements and benefits of scale to decouple renewables from fossil, but it's not impossible and more than anything it requires a commitment and policies..

If green energy was decoupled, there is a chance that the oil producers would respond with a massive price drop too, but there would come a point where it's too costly to produce for the returns.