Developing Clean, Innovative Commercial Energy: Will Proposed Federal Subsidies Hurt or Help?

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Date(s) - 6/13/200812:00 am

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The Energy Information Administration’s (EIA) most recent projections show that the United States will require nearly 20% more energy in 2030 than it consumes today to accommodate a growing population and increasing standards of living.  In meeting that expected energy demand, the EIA projects U.S. carbon dioxide emissions to rise by about a gigaton between today and 2030.

Current energy policy and climate debates presume that the introduction of new technologies and expansion of carbon-neutral energy sources will successfully meet the twin objectives of meeting growing demand for energy while reducing carbon emissions.  These debates further assume that the development and use of these technologies and energy sources can be accelerated by increasing federal spending in the form of loan guarantees, tax credits, commercialization projects, the creation of “clean-energy” slush funds, and other forms of government subsidies.

How effective is the federal government at promoting technological innovation in the energy and environmental area?  What lessons can be learned from nearly 30 years of federal investment in energy technologies?  Should we expand subsidies for commercial technology deployment?  The Marshall Institute and the Nonproliferation Policy Education Center co-hosted this forum to help address these and related questions. Featured speakers at the June 13th event were:

Lee Lane is a Resident Fellow at the American Enterprise Institute (AEI) doing research on a range of issues related to climate policy and is co-director of AEI’s geoengineering project.

Peter Bradford is an adjunct professor at Vermont Law School, where he teaches “Nuclear Power and Public Policy” and has taught “The Law of Electric Utility Restructuring.”  He also advises and teaches on utility regulation, restructuring, nuclear power and energy policy.

W. David Montgomery — Vice President of Charles River Associates directs CRA’s Environment practice. He is an internationally recognized authority in energy and environmental policy and regulation.  Dr. Montgomery also has a special expertise in the area of energy price forecasts.
Download PDF –Lane – Developing Clean Innovative Commercial Energy

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