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According to a study released today, the U.S. federal government will triple its annual investment in energy innovation over the next five years, accelerating the transition to clean energy around the world and building a sophisticated energy industry in the country. Is recommended. Colombia’s Global Energy Policy Center SIPA has released Energizing America: A Roadmap to Launch a National Energy Innovation Mission, a detailed guide to raising federal policymakers as a core energy policy priority. .. Energizing America, co-authored with scholars from the Information Technology and Innovation Foundation (ITIF), is the first in a series of volumes to launch the US Federal Clean Energy Innovation Policy Agenda.
Providing a detailed roadmap for the upcoming president-elect and parliament, the volume released today is a volume of energy research and development by the federal government across 10 technological pillars that represent the key needs of the decarbonization of the world economy. Demands demonstrative (RD & D) to dramatically increase federal funding. John Kerry, 68, US Secretary of State, supported Energizing America, “planning to make the United States a world leader in clean energy innovation and embark on an existential challenge to create exciting new jobs along the way.” ..
The federal government currently invests less than $ 9 billion annually in energy innovation, less than a quarter of its investment in health innovation and less than a tenth of its investment in defense innovation. The authors conclude that raising the federal government’s annual investment to $ 25 billion by 2025 will dramatically initiate private innovation and maintain one million jobs in the long run.
Varun Sivaram, the lead author of the roadmap, said: “Clean energy innovation is central to combating climate change and enabling the United States to compete globally in expanding the clean technology market. As the IEA warns, half of emission reductions are zero emissions. , Must come from immature technology that has not yet reached the market. “
Volume explains why energy innovation is a key national priority and integrates lessons from previous federal funding increases for space, health, and defense funding to increase energy innovation funding over a five-year period. Make detailed recommendations for.
In recent years, clean energy innovation has gained bipartisan support in Congress. Members of both parties are pushing for legislation to promote funding for energy storage, carbon recovery, nuclear energy, smart power grids, hydrogen, and other important clean energy technologies. But so far, there is no coherent and comprehensive roadmap to guide investment across the federal government to promote the full range of clean energy technologies. Energizing America fills that gap.
“Innovation is a rare climate policy that is endorsed by both sides,” said Jason Bordov, founding director of the World Energy Policy Center. “Triple energy innovation could be a stimulus for the US economy and create jobs in exponentially growing industries this century.”
The roadmap recommends that the president-elect and parliament take three immediate steps in 2021.
First, the President announces the National Energy Innovation Mission, establishes energy innovation as a national priority, sets a goal of triple federal funding for energy innovation in five years, and coordinates among institutions. A Presidential Policy Directive to create a White House Special Committee should be issued to accelerate implementation. Second, the next Congress will pass an ambitious budget for fiscal year 2022 (22), with a particular focus on the pillars of technology that are currently underfunded, and a way to triple the budget by 2025. Set to. Third, the United States will immediately re-engage mission innovation, seek bilateral cooperation to advance energy technology, and stimulate competitive competition to raise global public funding for clean energy innovation. By doing so, we reaffirm our international leadership.
David M. Hart, co-author and director of ITIF’s Clean Energy Innovation Policy Program, said: “As we have proposed, the sustainable launch of federal investment will create great opportunities to reduce global carbon emissions while strengthening US industry and creating jobs.”
“By mobilizing the full power of the federal government to accelerate energy innovation, we can make a big difference in addressing these challenges,” said David Sandarrow, a former senior official at the White House, the State Department, and the US Department of Energy. You can bring it, “he added.
ARPA-type funding has given green technology an “innovation advantage,” and the findings found:
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