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FOR IMMEDIATE RELEASE
February 13, 2013

Contact: Laura Tierney
Email: [email protected]
Office: 202-785-0507
 

U.S. Energy Sector Undergoing Dramatic Changes

Energy Efficiency, Renewable Energy, and Natural Gas Playing Larger Role, with Significant Economic, Energy Security and Environmental Benefits

 

Washington, DC - In testimony today before Congress, Business Council for Sustainable Energy President Lisa Jacobson reported on the dramatic changes occurring in the U.S. energy sector and discussed the essential role that policy and government investments will play in future growth.

Ms. Jacobson's testimony before the House Committee on Science, Space and Technology, Subcommittee on Energy focused on the findings from the recently released Sustainable Energy in America 2013 Factbook, researched and produced by Bloomberg New Energy Finance and commissioned by the Business Council for Sustainable Energy.  She also discussed the valuable and effective role that federal government investments in the energy sector have played, and should continue to play, in the availability of new, innovative energy technologies and practices.  

"As the Sustainable Energy in America 2013 Factbook shows, over the past several years, we have seen real market penetration of a wide range of sustainable energy technologies and resources and we have witnessed the results of policies and research and development that work. But our work is not done," Jacobson remarked.
 
To continue the momentum of growth in these sectors, and to receive their co-benefits, long-term, stable polices will be needed to level the playing field and to provide market access.  In addition, the U.S. must continue to invest in energy research, development and deployment to increase the efficiency of our energy generation and use and to spur new innovations.  Such investments will support domestic economic growth, job creation and U.S. competitiveness in the energy sector.

"BCSE strongly supports the continued funding of basic and applied research for clean energy technologies.  This must be balanced with work on commercialization, market transformation and other efforts to ensure that products do not sit on laboratory or university shelves, but are transferred to the private sector to achieve the intended public benefit."

The testimony includes mention of analytical findings and examples that show the overall return on investment that has resulted in federal energy research, development and deployment (RD&D) programs.  Clean energy industries stand ready to work with the federal government to ensure that any and all public investment in these sectors is highly leveraged, effective, and efficient in carrying out the intended policy aims of the investments.

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