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Showing posts with label American Energy Innovation Council. Show all posts
Showing posts with label American Energy Innovation Council. Show all posts

Thursday, August 19, 2010

Mixed signals from the White House on clean energy investment

By Alex Trembath, originally published at Energetics.

President Obama has been touring the nation, touting his administration's efforts to expand federal investment in clean tech manufacturing. At each stop, clean energy jobs are the major topic of discussion, with international economic competition and environmental goals somewhere on the edges of his stump speech.

At ZBB Energy in Wisconsin, a battery and renewables storage producer, Obama heralded the $1.3 million in federal stimulus dollars invested in the company while calling for 800,000 new clean energy jobs by 2012. On a fundraising trek for Governor Ted Strickland through Toldeo, Ohio, the President applauded local renewables manufacturing, saying, "There is a whole series of huge potential manufacturing industries in which we end up being world leaders and, as a bonus, end up creating a more energy-efficient economy that is also good for the environment." And, at a DCCC fundraiser in Hollywood, the President recounted the imperative of reducing carbon emissions "because we want those clean energy jobs built here in the United States, not in China, not in Germany."

In the meantime, however, critics are taking note of disturbing signals from the White House on clean energy investment. Jesse Jenkins of WattHead and the Breakthrough Institute pointed out yesterday that "a number of (as yet unfulfilled) energy and environmental policy pledges have been removed from the WhiteHouse.gov page in recent weeks." Among the dropped pledges is the President's commitment to invest $150 billion over ten years in clean tech R&D. This follows months of inaction from the President on a comprehensive climate and energy bill, the American Power Act. What remains of that bill is now floundering in Congress without the inclusion of any cap on carbon emissions, environmentalists' dream policy goal for creating a clean energy economy that was thoroughly demolished during the summer.

As Andrew Revkin points out, the recently missing $150 billion in clean tech R&D may be the result of the failure of cap-and-trade to pass the Senate, leaving the White House's assumed funding source for the investment dead in the water. But the source shouldn't matter as much as the policy goal itself; expert energy organizations from the IEA to the AEIC and dozens of Nobel Laureates have called for significant increases in energy technology R&D, on the order of $15-30 billion annually to keep pace with the required rate of decarbonization and to compete with other nations on similar paths.

We can only hope that such mixed signals on energy policy do not become standard operating procedure for the Obama White House. The President's recent (and encouraging) repeated calls for clean tech manufacturing investment may be signs of his attempt to make amends for relative idleness on the climate bill. And perhaps some leeway may be given in anticipation of the November midterm elections, which by many accounts will be some degree of devastating to the President's party. But, fingers-crossed, by the new year the President needs to have developed a powerful and sustained message for decarbonization and clean tech, and the time for broken promises and mixed signals will be over.

As part of a non-emotional response to the BP oil spill, and in anticipation of a $600 billion clean energy industry projected for 2020, Obama must direct the power of his office towards energy competitiveness the way he did with health care last year. Some Republicans have already indicated a willingness to work with Democrats on clean tech, and this effort could mark the first time in his presidency that Obama can successfully unite the parties towards a common policy. But, politics aside, the United States can't afford to sit on the bench any longer.

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Wednesday, June 16, 2010

News Roundup on the American Energy Innovation Council

Crossposted from LeadEnergy.org

On June 10th, a group of the country's top business leaders including Bill Gates and Jeff Immelt launched a new initiative, the American Energy Innovation Council, calling for major new federal investments in clean energy technology research, development, and demonstration -- at least $16 billion annually, more than triple the current level.

Their report, "A Business Plan for America's Energy Future," was released a day after the Breakthrough Institute and Americans for Energy Leadership published a new policy brief on the Kerry-Lieberman American Power Act, "The Power to Compete," providing the most comprehensive assessment of the bill's energy innovation provisions to date. It finds that Kerry-Lieberman does not contain a comprehensive innovation strategy would only increase federal clean energy RD&D investment by as little as $2.2 billion per year.

Below is a roundup of news coverage on the American Energy Innovation Council to date:

New York Times, "A Call to Triple U.S. Spending on Energy Research," Jun. 9, 2010.

"Mr. Gates and his fellow executives are stepping forward at what may prove a pivotal moment in American energy policy. Oil continues to spew from a crippled well in the Gulf of Mexico, the Obama administration is pushing for a new approach to energy and climate policy and the Senate is about to embark on a debate on a set of conflicting proposals that pit not only Republicans against Democrats but different regions of the country against each other."

Washington Post, "Gates coming to White House to appeal for more energy research dollars," Jun. 9, 2010.

"The group is arguing that, while the United States spends $80 billion a year on military research and $30 billion a year on health research, it devotes between $2.8 billion and $4.8 billion on energy research, depending on how you count it...The emphasis on direct government spending reflects, in part, the group's realization that a climate bill isn't likely to pass Congress this year; there will be no national market for carbon emissions to push companies toward renewable energy. The group argues that the United States is falling behind other nations that spend more on their domestic energy companies."


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