“Energy is a sector of the economy that has been particularly resistant to innovation. This is precisely the problem. It is why we are still dependant on energy sources that are 100 to 150 years old while virtually every other sector of the economy has transformed itself. This is why we believe that the faith that many environmentalists still hold that carbon regulations and taxes will drive sufficient private sector investment into energy markets to create the kind of innovation we need is unfounded.” NeedsYearsBelieveKindHas BeensStillsProblemEnergyEconomySourceTaxesInnovationInvestmentSufficientTransformedRegulationCarbonPrivate SectorEnvironmentalistEnergy Sources Author:Ted Nordhaus
“It is worth noting that virtually every alternative energy source we have - solar, wind, nuclear, and battery and fuel cell technologies for storage - resulted from public innovation and R&D, not private. The problem is that we haven't done enough of it, and we have done it inconsistently.” DoneEnoughProblemEnergyTechnologyHavensWindSourceInnovationNuclearCellsAlternativesFuelBatteriesStorageEnergy SourcesAlternative EnergyFuel Cells Author:Ted Nordhaus
“All of the barriers to innovation in the energy sector are arguments for a big commitment to public investment. Only the public sector can make the kind of long-term, common investments that we need to overcome those barriers to innovation.” NeedsKindLongBigsEnergyTermCommonCommitmentArgumentOvercomingInnovationInvestmentLong TermBarriersPublic Sector Author:Ted Nordhaus
