Linh Nguyen

The bipartisan infrastructure package is consistent with recommendations that ITIF and Columbia University’s Center for Global Energy Policy co-published a year ago—providing a significant boost for critical technology areas such as carbon capture, carbon removal, and industrial decarbonization.

With technological advancements in deep-well drilling and material improvements, Enhanced Geothermal Systems technology costs could be reduced, and geothermal energy could make substantial contributions to a net-zero energy system over the long term.

Floating offshore wind farms should be the next big thing in the wind industry. But catalyzing greater private investment and reducing costs will require large-scale demonstration to increase confidence from investors that the technology works as intended.

The world has a long way to go in a short period of time to achieve a net-zero emissions energy system by 2050. The countries gathering next week—including the United States, China, Japan, members of the European Union, and others—must not only fulfill past promises to boost clean energy innovation by increasing their investment, but also refresh the agenda for that investment.

The United States should launch a “moon shot” in clean energy that mobilizes its unmatched innovative capabilities to combat climate change and capture global markets. The fiscal year 2022 budget is a critical opportunity for Congress to advance U.S. energy innovation.

Congress and the administration should seize on the momentum created by the passage of the Energy Act of 2020 and provide a multi-billion-dollar increase to raise the ambition for energy innovation programs at DOE in the FY 2022 budget.