RealClearPolitics Energy Summit
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Transcript of RealClearPolitics Energy Summit
![Page 1: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/1.jpg)
Energy and Government: Renewables
Amit RonenDirector, GW Solar Institute
Professor, Trachtenberg School of Public Policy, George Washington University
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Renewables are still less than 10% of
America’s energy mix
![Page 3: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/3.jpg)
But Renewables Are Growing Fast
Renewables capacity virtually doubled to 85.7 gigawatts(not including large hydro)
In the last three years:
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Renewable Costs Have Plummeted
In the last three years:
Levelized cost for large-scale solar went from $0.31 to $0.14/kWh
![Page 5: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/5.jpg)
Renewable Costs Have Plummeted
In the last three years:
Levelized cost for large-scale wind went from $0.09 to $0.08/kWh
![Page 6: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/6.jpg)
Future Growth Potential is Significant
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Future Growth Potential is Significant
![Page 8: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/8.jpg)
Future Growth Potential is Significant
![Page 9: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/9.jpg)
No major energy technology has achieved the necessary cost reductions and scale without sustained government support
But Sustained and Predictable Public Investment is Still Needed
![Page 10: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/10.jpg)
No major energy technology has achieved the necessary cost reductions and scale without sustained government support
But Sustained and Predictable Public Investment is Still Needed
![Page 11: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/11.jpg)
Empower Ratepayers
So What Can Government Be Doing?
First should it be doing anything?National SecurityNational Security
Declining, Predictable Costs
Protect the EnvironmentMitigate Climate Change
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So What Should Government Be Doing?
R&D to Spur Innovation
DOE’s FY 2014 budget request for the Office of Energy Efficiency and Renewable Energy (EERE) is $2.8 billion, an increase of over 50% from the previous two years.
FY 2014 budget request includes $379 million for the Advanced Research Projects Agency–Energy (ARPA-E), an increase of about 35%.
![Page 13: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/13.jpg)
So What Should Government Be Doing?
R&D to Spur Innovation
![Page 14: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/14.jpg)
So What Should Government Be Doing?
R&D to Spur Innovation
• Create centers of excellence in energy innovation
• Increase annual investments in clean energy RD&D to $16 billion per year
• Call for complementary energy policies to drive market adoption of new technologies
![Page 15: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/15.jpg)
So What Should Government Be Doing?
Provide Incentives to Nascent Technologies
• Clean energy tax incentives
• Loan guarantees
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So What Should Government Be Doing?
Provide Incentives to Nascent Technologies
• Clean energy tax incentives
• Loan guarantees
• Standards
![Page 17: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/17.jpg)
So What Should Government Be Doing?
Provide Incentives to Nascent Technologies
• Clean energy tax incentives
• Loan guarantees
• Standards
Need to reform energy tax incentive programs to make them:• More predictable• More technology neutral• More level playing field
![Page 18: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/18.jpg)
So What Should Government Be Doing?
Provide Competitive MarketplaceEnergy markets will only be competitive if
prices reflect all costs
National Academies of Science estimated damages from non-climate air pollution from coal-fired power plants to be 3.2 cents per kWh
Need to reform energy tax incentive programs to make them:
• More predictable• More technology neutral• More level playing field
![Page 19: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/19.jpg)
So What Should Government Be Doing?
Provide Competitive MarketplaceEnergy markets will only be competitive if
prices reflect all costs
![Page 20: RealClearPolitics Energy Summit](https://reader035.fdocuments.in/reader035/viewer/2022081602/5486aeee5806b5a9588b491d/html5/thumbnails/20.jpg)
Thank you
Amit RonenDirector, GW Solar Institute
Professor, Trachtenberg School of Public Policy, George Washington University