A Business Plan for America’s Energy Future

Bill, Gates, Chairman of Microsoft, announced his new report, “A Business Plan for America’s Energy Future”, with other top American business executives.

The report calls for a substantial increase in spending on energy innovation research and development by the government. It insists the status quo is unsustainable. “Most of the technologies that underlie the current energy system were invented decades ago,” the report said, “and are increasingly costly, brittle, and incompatible with a clean future.”

The report recommends:

• 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.