While the tougher emissions regulations recently implemented by the EPA will incent some additional clean energy development, long term transition away from fossil fuels will not be possible unless clean energy becomes cheaper than fossil fuels. The most effective way to accomplish this is through a comprehensive innovation strategy marked by enhanced investment in clean energy research, development and demonstration.
Energy & Climate
Carbon Pricing Won't Solve Climate Change. Innovation Will.
Putting a price on carbon to combat climate change is not a viable solution by itself because no one wants to pay higher costs for energy. Instead governments should enhance funding for R&D and demonstration projects—such as through international targets for clean energy RD&D—that lower clean energy costs.
Barriers to U.S. Global Clean Energy Leadership
Matthew Stepp testifies before the United States House Natural Resources Committee Subcommittee on Energy and Mineral Resources. Stepp focuses on the potential benefits of and barriers to the United States becoming a global leader in innovative clean energy technologies.