Enhancing Federal Clean Energy Innovation Proceedings of a Workshop (2021) / Chapter Skim
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8 Next Steps
8 Next Steps
Pages 74-80
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From page 74... ...
ERNEST J MONIZ President and CEO, Energy Futures Initiative Clean energy technology science has progressed significantly since the 2015 Paris Climate Conference (COP21)
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Moniz continued that the United States needs to use all available policy tools to accelerate demonstration and deployment. Public-private partnership is necessary to help guide emerging technologies, such as advanced nuclear fission and fusion, over the multiple valleys of death 1 D
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First, Pew Research Center's recent poll indicates that two-thirds of Americans believe the government is not doing enough to address climate change. Second, Prabhakar noted that the United States has a long history of rising to pressing challenges, albeit often only after exhausting all other alternatives.
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Moniz was confident that another energy transition is possible with coherent leadership and public commitment. Rallying commitment will involve leveraging the bipartisan support for innovation and centering on job creation, domestic supply chains, and social equity.
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Now is the time to begin building industries for carbon sequestration and advanced nuclear for instance, so that they are materialized by 2030 and ready for the next two cycles of scaling. Jobs Moniz included a focus on jobs as a key characteristic of a successful energy transition, recalled Martin.
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From page 79... ...
Moniz also recognized that the United States would benefit from collaboration on hydrogen, as many other nations have made more significant progress in this area. Moniz added that international partnerships such as Mission Innovation can be used to encourage less-developed economies to reach lowercarbon pathways.
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From page 80... ...
Moniz added that Energy Futures Initiative has proposed a similar idea of a quasi-governmental corporation handling a portfolio of demonstration projects to prove techno-economic performance. Perhaps this quasi-governmental corporation could have loan authority to do both equity and debt financing.
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