Countering David Frum: Super-Charging Energy Innovation through Public Investment

December 12, 2012

Ultimately, like shale gas, it will take some time to accurately gauge the Stimulus’ full effect on the clean energy industry. But in just three years, Frum’s claim as to the near-worthlessness of the Stimulus’ clean energy funding has already been proven false. As Frum closed, “It’s a very unusual investor whose success rate is literally zero. But most don’t, and the Obama administration’s record seems unlikely to improve on that of other governments that have succumbed to the same fatal conceit.” On the contrary, the emerging fruits of breakthrough batteries, higher-efficiency solar cells, next-generation wind turbines, and a smarter grid, are clear evidence of the overwhelming value of public investment in clean energy.