ACORE President Spotlights the Potential for Cleaner Power and Transportation Fuels from U.S. Firms
Call for Ten-Fold Increase in Renewable Energy R&D
Washington, D.C. - Michael T. Eckhart, President of the American Council On Renewable Energy (ACORE), called on states and the federal government Tuesday to join U.S. companies and the financial community in capturing the “enormous” potential and benefits of the nation’s ability to produce cleaner electricity and transportation fuels.
Mr. Eckhart told the U.S. Senate Subcommittee on Science, Technology and Innovation that U.S. companies are barely scratching the surface of the underlying economic, environmental and national security dividends that can come from tapping more of the potential for wind, solar, geothermal, biomass, tidal and other renewable sources of energy.
“We should act with decisiveness in favor of renewable energy and other energy technologies that support our national goals for security, growth, environment, climate and jobs. And we should increase U.S. competitiveness on renewable energy in the global marketplace,” Mr. Eckhart said.
Mr. Eckhart said U.S. energy policies should address both the challenges of oil dependence and of global warming in an integrated way, “and that includes building the infrastructure for a more sustainable society with long-term incentives to catalyze investment in new renewable power, a modernized electric transmission network similar to our national highway system and systems that allow optimal utilization of on-site distributed renewable technologies at the point of use.”
“The U.S. needs to accelerate its research and development for renewable energy tenfold and in the process strike a balance between near-term needs with investments in longer-term research and science that will produce the next generation of technologies. This way, the U.S. can compete for global leadership in those technologies,” Mr. Eckhart said.
acore.org