Free Technology Transfer is Not the Way to Go

September 18, 2012

Instead, Smith’s real plan for solving climate change should be for (1) government to aggressively support clean energy innovation and (2) we sell cheap, innovative, new clean energy technologies to the world to address climate change. The logic is simple: Only when clean energy is cheap (like natural gas) will the world switch from fossil fuels en masse and the only way to get cheap clean energy is through innovation. To spur innovation, government must make significant investments in science, research, development, and scale-up while actively partnering with industry to move new technologies to market, build new infrastructure, and remove barriers in energy markets.