Thursday, August 19, 2010
Mixed signals from the White House on clean energy investment
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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