Billionaires Get Behind Cleantech Funding

Published on Date September 28th, 2011 by Matter Network
Posted in Category Finance, Category Renewables

It’s the fall, and the discontent of American billionaires, like that of New York Mets fans, is rising. Not only has laconic investment guru Warren Buffett demanded that the U.S. levy more taxes on the privileged, i.e., super-wealthy people like him; but also another group of billionaires (or at least hundreds-of-millionaires) has stood up to demand a more active role for government in creating a cleantech energy economy for the 21st century.

In Washington, D.C., a group calling itself the American Energy Innovation Council unveiled a manifesto calling for “energy innovation and proposed reforms of government programs to yield greater economic benefits.” Among other things, the report calls for sharp increases in federal funding for cleantech R&D and a Quadrennial Energy Review that will identify “market failures and technology choke points in order to better orient federal programs and resources.”

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