In climate change, as in all policy issues, economic philosophy has a significant influence on how people view both the problems and the solutions. For the first time, ITIF surveys four dominant schools of economic thought and analyzes how adherents approach policy options for climate change and energy policy. With climate change and major energy legislation stalled, maybe it is time to put aside fixed philosophical notions and take a practical look on ways to address climate change in an economically feasible way. The report reviews the principles and goals of each economic doctrine, and offers a critique of the advantages and limitations of each doctrine's contribution to addressing the challenge of climate change.
Energy & Climate
ARPA-E: The Little Program That Could
The Advanced Research Projects Agency-Energy, or simply ARPA-E, was created in 2007 to spur innovation in new groundbreaking technologies to set the United States apart from the rest of the world as a leader in the new clean energy economy. It is modeled after DARPA, the defense research agency responsible for the internet, Global Positioning Systems (GPS), and unmanned aerial vehicles. DARPA did all of this with a small, rotating staff of experts and minimal funding. ARPA-E has assembled a similarly nimble team of scientists, engineers, and innovators to make a big impact with a small budget. But instead of being hailed, ARPA-E is about to be given the bureaucratic equivalent of a death sentence.