At his confirmation hearing last week, Energy Secretary nominee Ernest Moniz told the Senate that the United States spends far too little on energy R&D. “We are underinvesting by a factor of three,” he said, directly citing AEIC’s previous statements. Indeed, although U.S. energy R&D has been growing in recent years, levels are still below their peak in the 1970s — and they’re set to drop in the years ahead. We’re spending less on R&D to develop various clean-energy technologies than groups like the International Energy Agency have recommended. Moreover, federal energy R&D is lower than what a variety of experts have argued is necessary to tackle climate change.
The article was written by Brad Plumer and can be read on the Washington Post Wonkblog.