A Supply Side Policy for U.S. Technological Innovation in Energy

The environmental and geopolitical costs of America´s addiction to fossil fuels make a major federal program to stimulate innovation in energy technology justifiable and essential. Given the central role of energy in the economy and the variety of new technologies needed, this program will need to approach the dimensions of a major military transformational effort. It must go beyond research and development to include all aspects of the innovation process, and should be technology neutral as far as possible, consistent with the need for measures to overcome obstacles specific to particular technologies.