Word: researchers
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...according to many energy experts - including Steven Chu, Obama's Nobel Prize-winning Energy Secretary - the science isn't there yet. Significant basic research and development needs to happen before renewables can truly displace fossil fuels. And unlike at the time of the first Apollo project, the U.S. seems far from ready to spend the money needed to create long-term solutions to global warming - which risks the country falling behind in this new scientific race toward a clean-energy economy. "If we are serious about delivering the real technological change needed to really reduce emissions, we need to scale...
...Much of that research would be done under the auspices of the Department of Energy, but Secretary Chu has seen his requests for more funding rebuffed by Congress. Chu wants to spend $280 million to create eight new research-and-development labs, staffed by scientists from a variety of areas, to work on clean-energy solutions. Called "energy innovation hubs," they would be patterned after AT&T Bell Laboratories, the famed research centers where Chu did much of the work that won him a Nobel Prize in Physics. Each hub would have a different energy focus, but scientists from different...
...last month and will soon be taken up by the Senate. The legislative fight has mostly centered on how tight the carbon caps should be, but part of the revenues created by the cap - which would require some companies to pay for carbon credits - will be directed to energy research and development...
...trade was revised in Congress, though, that number has dwindled - the current bill would channel perhaps about $10 billion a year to energy research in its early stages - but not solely for clean energy. By contrast, on the campaign trail Obama promised to spend $150 billion over 10 years just on clean-energy research. On July 16, an assortment of 34 Nobel Prize winners wrote a letter to Obama, calling for more support for energy research and development in the climate bill. "We need a much larger investment than what we're getting," says Jesse Jenkins, director of energy...
...directed further billions toward clean energy, and the new levels of funding will be higher than anything the industry has ever known. But other nations, especially in Asia, are still beating us. China is reportedly investing up to $660 billion over the next decade in clean energy and research. South Korea is planning to invest close to 2% of its GDP each year, or about $85 billion over five years, in clean tech. And Japan is aiming for a twentyfold expansion in installed solar by 2020. Meanwhile executives in American clean-energy companies, who visited Capitol Hill on July...