"...I really think that in addition to moving energy technology off the shelf into more rapid use, we need to focus resources and attention on energy research. Research should focus on solar cells and batteries, smart grids, carbon capture and storage, non-fission nuclear, wind and geothermal technologies. We need to unleash our brainpower on all the possible solutions to the transition to the post-fossil fuel energy economy. Just as defense and interstate highways steered economic development in the US after World War II, investment in the energy future can make our economy more efficient, secure and prosperous in the 21st century...The Defense Department invented the internet, but at a crucial point in its development, the department made an effort to commercialize the web through the private sector."
Cohen points out that, even lacking a price on carbon or a federal cap™ program, the EPA still has the authority to regulate greenhouse gases under the Clean Air Act (Commonwealth of Massachusetts v. Environmental Protection Agency, 2007). The KGL bill is expected to limit that authority, as well as state and regional efforts to reduce carbon emissions - efforts like the RGGI and the WCI.
We'll see what happens next, but I emphatically agree with Mr. Cohen's sentiments on federal investment in energy infrastructure and research.
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