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Market Investment Outpace/Outperform Federal ‘Clean Energy’ Investment (GHG reductions without social cost)

By Tom Tanton -- March 20, 2013

“Over the 2000–10 period, the U.S.-based oil and natural gas industry invested $71 billion in technologies that reduce greenhouse gas emissions, far more than the federal government ($43 billion) and almost as much as the rest of private industry combined ($74 billion).”

“The United States has failed to create a comprehensive energy policy that provides robust and consistent support for innovation,” the familiar complaint goes.

Although the Recovery and Reinvestment Act of 2009 stimulated public investments in energy innovation, many of these programs and incentives have since expired or concluded, leaving the energy innovation ecosystem underfunded and skewed towards supporting deployment incentives over technology R&D, demonstration, and manufacturing.

Such comes from Breaking Down Federal Investments in Clean Energy (March 2013), published in Energy Innovation Tracker, a website devoted to providing data on U.S.