Congress provided a sweeping bipartisan overhaul of federal energy innovation programs in the Energy Act of 2020, setting the stage for a major expansion to combat climate change and strengthen U.S. competitiveness. The Biden administration recently proposed quadrupling government-wide clean energy innovation investments over the next four years. Right now, however, other nations like Japan, China, and those within the European Union are investing more in energy RD&D to develop zero-carbon technologies and capture growing global clean energy markets. The fiscal year 2022 budget is a critical opportunity for Congress and the administration to elevate clean energy innovation as a national priority.
ITIF hosted a discussion on energy RD&D in the federal budget and prospects for FY 2022 with experts from ITIF and elsewhere.