Addressing global climate change requires clean energy technologies that are cost and performance-competitive with fossil fuels without subsidies. Yet, the dominant energy policy approaches in the United States and internationally, characterized by carbon prices, subsidies, and mandates, do the opposite. Only a cohesive and aggressive energy innovation strategy can develop and deploy affordable clean energy options the entire world wants to purchase and use. In nine steps, ITIF explains the logic behind the essential connection between the global climate challenge and the need for aggressive policies to support innovation at the federal and international levels. The report also recommends several policy suggestions to support such an innovation strategy.
