Don’t Be Mean to Energy That’s Green

The American Energy Innovation Council wants to boost federal investment in clean-energy research and development, a sector it believes is vital to U.S. economic competitiveness, security and other goals.

Eco_IconsMicrosoft founder Bill Gates is urging senior lawmakers to buck the current zeal for budget cutting and boost federal investment in clean-energy research and development.

The group, called the American Energy Innovation Council, wants to boost what it argues have been anemic federal investments in a sector vital to U.S. economic competitiveness, security and other goals.

“This group are all big believers in innovation, and we are all big believers in the importance of energy innovation,” Gates said at a briefing for reporters.

The energy group has identified a range of revenue streams to pay for federal energy investment, including: tapping some of the billions of dollars in annual federal oil-and-gas revenues; cutting or ending subsidies to “mature” industries such as oil-and-gas; enacting a new federal fee on electricity delivered to consumers; adding a few cents to the federal gasoline tax (the report conceded this is “politically challenging”); and even levying a fee on carbon emissions in the long term.

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Source: Ben Geman | The Hill