What Does the Future of our Global Energy Consumption Look Like?
June 20, 2008
April 27, 2009 | Jesse Jenkins,
The United States will restore its standing as the most innovative nation in the world, President Obama declared at a major speech on science, innovation, and education policy delivered today at the National Academies of Science in Washington D.C.
The President pledged to implement policies that will dramatically ramp up the United States' overall spending (both public and private) on innovation and R&D, bringing it up to three percent of the nation's total economic output (GDP). President Obama also declared that it was his goal to see the nation once again have the highest percentage of college graduates in the world by 2020.
The stimulus bill's $21.5 billion investment in science and technology was the largest investment in R&D in the nation's history, Obama said. He promised that his administration would build on these investments by continuing to expand budgets for key agencies funding science and research (DOE, NSF, NIST), making permanent the federal R&D tax credit to encourage private-sector investment in innovation, and launching a major increase in funding to support the transformative innovation necessary to overcome the nation's energy and climate challenges.
The President's speech was also laden with references to the critical role innovation plays in securing the nation's prosperity and economic competitiveness and said he was committed to expanding science and innovation funding, in spite of (and even because of) the current economic crisis:
"At such a difficult moment, there are those who say we cannot afford to invest in science. That support for research is somehow a luxury at a moment defined by necessities. I fundamentally disagree. Science is more essential for our prosperity, our security, our health, our environment, and our quality of life than it has ever been. And if there was ever a day that reminded us of our shared stake in science and research, it's today.
President Obama once again pledged to increase public investment in clean energy innovation by an order of magnitude, promising $15 billion in additional annual spending to support energy R&D, and highlighted the role innovation must play in overcoming the nation's urgent energy and climate challenges.
The speech was also a chance for the President to highlight the launch of the Advanced Research Projects Agency-Energy (or ARPA-E), a new agency focused on high-risk, high-reward translational energy R&D funded for the first time by the American Recovery and Reinvestment Act. As President Obama explains:
"[ARPA-E] is based on the Defense Advanced Research Projects Agency, known as Darpa, which was created during the Eisenhower administration in response to Sputnik. It has been charged throughout its history with conducting high-risk, high-reward research. The precursor to the Internet, known as Arpanet, stealth technology, and the Global Positioning System all owe a debt to the work of Darpa.
ARPA-E seeks to do this same kind of high-risk, high-reward research."
The fact is, there will be no single Sputnik moment for this generation's challenge to break our dependence on fossil fuels. In many ways, this makes the challenge even tougher to solve -- and makes it all the more important to keep our eyes fixed on the work ahead.
That is why I have set as a goal for our nation that we will reduce our carbon pollution by more than 80 percent by 2050. And that is why I am pursuing, in concert with Congress, the policies that will help us meet this goal.
My recovery plan provides the incentives to double our nation's capacity to generate renewable energy over the next few years -- extending the production tax credit, providing loan guarantees, and offering grants to spur investment. For example, federally funded research and development has dropped the cost of solar panels by ten-fold over the last three decades. Our renewed efforts will ensure that solar and other clean energy technologies will be competitive.
"[This initiative] will support an educational campaign to capture the imagination of young people who can help us meet the energy challenge. It will create research opportunities for undergraduates and educational opportunities for women and minorities who too often have been underrepresented in scientific and technological fields -- but are no less capable of inventing the solutions that will help us grow our economy and save our planet. And it will support fellowships, interdisciplinary graduate programs, and partnerships between academic institutions and innovative companies to prepare a generation of Americans to meet this generational challenge.
"For we must always remember that somewhere in America there's an entrepreneur seeking a loan to start a business that could transform an industry -- but she hasn't secured it yet. There's a researcher with an idea for an experiment that might offer a new cancer treatment -- but he hasn't found the funding yet. There is a child with an inquisitive mind staring up at the night sky. Maybe she has the potential to change our world -- but she just doesn't know it yet.
As you know, scientific discovery takes far more than the occasional flash of brilliance -- as important as that can be. Usually, it takes time, hard work, patience; it takes training; often, it requires the support of a nation.
But it holds a promise like no other area of human endeavor."