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Structuring an Energy Technology Revolution
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America is addicted to fossil fuels, and the environmental and geopolitical costs are mounting. A federal program--on the scale of the Manhattan Project or the Apollo Program-- to stimulate innovation in energy policy seems essential. In Structuring an Energy Technology Revolution, Charles Weiss and William Bonvillian make the case for just such a program. Their proposal backs measures to stimulate private investment in new technology, including a cap-and-trade system or carbon tax, but augments these with a revamped energy innovation system. It would encourage a broad range of innovations that would give policymakers a variety of technological options over the long implementation period and at the huge scale required, faster than could be accomplished by market forces alone.
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