Keywords: clean energy, business leaders, climate change, american energy innovation council
What do Americans spend more money on – potato chips, or energy research and development? See video below for the answer.
Seven business leaders, founders of American Energy Innovation Council, delivered a Business Plan For America’s Energy Future. The leaders are:
- Norm Augustine, former chairman and CEO of Lockheed Martin
- Ursula Burns, CEO of Xerox
- John Doerr, partner at Kleiner Perkins Caufield & Byers
- Bill Gates, chairman and former CEO of Microsoft
- Chad Holliday, chairman of Bank of America and former chairman and CEO of DuPont
- Jeff Immelt, chairman and CEO of GE
- Tim Solso, chairman and CEO of Cummins Inc.
The US is the largest consumer of energy in the world. The American Energy Innovation Council makes the case that there is a pressing need for energy innovation, and we need to invest in that innovation.
Though energy is a key strategic component of any countries wellbeing, US energy R&D spending has been in decline.
Though the US is the worlds largest energy consumer, it spends less on energy R&D than China, France, Japan and Korea.
The council’s recommendations:
- Create an independent national energy strategy board
- Invest $16 billion per year in clean energy innovation
- Create Centers of Excellence with strong domain expertise
- Fund ARPA-E at $1 billion per year
- Establish and fund a New Energy Challenge Program to build large-scale pilot projects
The full report can be viewed here, and for more on Bill Gates call for Zero Carbon emissions, see Bill Gates on Climate Change and Renewable Energy.
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