---
title: "Drilling for Innovation: Funding Clean Energy R&D with Oil and Gas Revenue"
summary: |-
  ITIF proposes a solution to consistently fund next-generation clean energy breakthroughs.
date: "2013-06-26"
issues: ["Clean Energy Innovation"]
authors: ["Megan Nicholson", "Matthew Stepp"]
content_type: "Reports & Briefings"
canonical_url: "https://itif.org/publications/2013/06/26/drilling-innovation-funding-clean-energy-rd-oil-and-gas-revenue/"
---

# Drilling for Innovation: Funding Clean Energy R&D with Oil and Gas Revenue

The United States must increase federal investment in critical energy innovation programs to drive down the cost of clean energy. ITIF proposes a potentially bipartisan solution: Congress can generate $1 billion in new revenue by increasing fees on oil and gas drilling on public lands, which should be directed towards fully-funding the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E).

Photo by Mike BairdPhoto by "otzberg"

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*Source: Information Technology & Innovation Foundation (ITIF)*
*URL: https://itif.org/publications/2013/06/26/drilling-innovation-funding-clean-energy-rd-oil-and-gas-revenue/*