Latest / The Productivity Podcast with Fexingo: Output, Efficiency, and Long-Term Economic Growth
How Denmark's Wind Power Won Without Subsidies
When Denmark decided to go all-in on wind energy in the 1980s, the economics looked terrible. Wind was intermittent, expensive, and far less reliable than coal or nuclear. Yet within forty years, Denmark turned wind into its cheapest electricity source, now generating more than half its power from turbines. This episode unpacks the surprising economics behind that transition—how a combination of cooperative ownership, a carbon tax, and a stubborn refusal to let incumbent utilities block the market created a renewable success story that even Texas now studies. We look at the specific policy…
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