The Business Journals: Why Bill Gates thinks the U.S. needs to invest more in energy technology R&D

Government and private-sector investments in new energy technologies have stagnated in recent years, and that’s bad news for U.S. competitiveness and the environment.

So concludes a report by the American Energy Innovation Council, a group comprised of six heavy hitters from the business world, ranging from Microsoft co-founder Bill Gates to GE Chairman and CEO Jeffrey Immelt. The report found that federal government investments in energy research, development and demonstration projects have been flat for the past five years. Meanwhile, 10 major countries are investing more in energy R&D, as a percentage of their economies, than the U.S. Chinese investment in new energy technologies is three times that of the U.S. as a share of GDP.

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