Need Energy Innovation Strategy, Not just Deployment

March 12, 2012

The climate and energy policy debate needs a reality check: the emperor has no clothes. In other words, most clean energy alternatives are not cost and performance competitive with their fossil fuel counterparts without significant support. And more deployment subsidies and tax incentives will not drive down the real, unsubsidized cost of clean energy below fossil fuels. To do so, innovation – not subsidies – should be at the center of the climate and energy policy debate.