If the U.S or anywhere else thinks it needs to spend a fortune on energy innovation to meet ‘critical needs’, which may or may not deliver anything useful, what does that say about existing technologies like wind and solar power? This report suggests they’re at least 50% short of reaching the pie-in-the-sky targets of climate alarmist dreamers with existing (zero emission) technology, so they must now try to invent their way out of trouble with what they call ‘advanced energy’. Good luck with that, if they still intend to shun nuclear power. Will the climate notice anyway, whatever they end up doing?
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Research released today recommends that the U.S. federal government triple its annual investment in energy innovation over the next five years to speed clean energy transitions around the world and build advanced energy industries at home, says TechXplore.
The Center on Global Energy Policy at Columbia SIPA released Energizing America: A Roadmap to Launch a National Energy Innovation Mission, a detailed guide for federal policymakers to raise energy innovation as a core national priority.
Co-authored with scholars from the Information Technology and Innovation Foundation (ITIF), Energizing America is the first in a series of volumes to kickstart a U.S. federal clean energy innovation policy agenda.
Offering a detailed roadmap for the next presidential administration and Congress, the volume released today calls for the federal government to dramatically increase federal funding for energy research, development, and demonstration (RD&D) across ten Technology Pillars that represent critical needs to decarbonize the global economy.
John Kerry, 68th U.S. Secretary of State, endorsed Energizing America as, “A plan to make the U.S. the world leader in clean energy innovation and rise to an existential challenge—creating exciting new jobs along the way.”
The federal government currently invests less than $9 billion per year on energy innovation, less than a quarter of what it invests in health innovation and less than a tenth of what it invests in defense innovation. Raising annual federal investment to $25 billion by 2025, can jumpstart private innovation and sustain one million jobs over the long run, the authors conclude.
Varun Sivaram, the lead author of the roadmap said, “Clean energy innovation is central to combating climate change—and to positioning the United States to compete globally in growing cleantech markets. As the IEA warns, half of the emissions reductions needed to swiftly reach net-zero emissions must come from immature technologies that haven’t yet reached markets.”
The volume explains why energy innovation is a critical national priority and synthesizes lessons from previous federal funding increases for space, health, and defense funding to create detailed recommendations for ramping up energy innovation funding across five years.
Full article here.
via Tallbloke’s Talkshop
September 17, 2020 at 07:18AM