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Articles by Mark Muro

Mark Muro is a fellow at the Brookings Institution and policy director of the Metropolitan Policy Program there. He is a coauthor of the Brookings paper Energy Discovery-Innovation Institutes: A Step Toward America's Energy Sustainability.

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Few aspects of the Waxman-Markey cap-and-trade bill matter more than the insufficient degree to which it applies future revenue to clean energy innovation. Quite simply, the American Clean Energy and Security Act (ACES) makes only a modest start toward promoting the technology breakthroughs that will make clean energy cheap, reduce carbon emissions, and create thousands of cleantech jobs. Correcting that shortcoming must become a top priority of lawmakers in the coming months as action moves to the Senate.

The challenge is clear now that ACES has passed the House. As a recent report issued by my group at the Brookings Institution argues, pricing and regulatory responses won’t by themselves get America where its needs to go when it comes to decarbonizing the world economy. In addition, America and the world need to catalyze—with large government research interventions—radical scientific and technological breakthroughs and their commercialization.

How big do those interventions need to be? According to our analysis, the federal government needs to invest as much as $20 to $30 billion per year in energy R&D alone simply to approach the federal R&... Read more

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  • Boost innovation investments to make Waxman-Markey bill a game-changer

    Advocates of regulatory environmentalism dominated the spin wars last month when the monumental American Clean Energy and Security Act of 2009 (ACES) — aka the carbon cap-and-trade bill assembled by Reps. Henry Waxman (D-Calif.) and Edward Markey (D-Mass.) — passed out of the House Energy and Commerce Committee. Climate politics “realists” lauded “historic action” (in […]