…. Progressive subsidy reform will not by itself be sufficient to avert a potential “cleantech crash.” Also necessary will be steadier federal engagement in technology development combined with enhanced support for state and regional programs that have proven instrumental in building New England’s impressive cleantech clusters. The Massachusetts Clean Energy Center, for example, runs effective technology demonstration and finance programs that Washington should support. Connecticut’s first-in-the-nation “green bank” is an intriguing way to bring together public and private capital to finance renewable energy. And the New England Clean Energy Council emphasizes the need for modest federal support to help expand a network of regional energy innovation “consortia” that will become focal points for regional private sector, university, and investor collaboration….
Mark Muro (@MarkMuro1), a senior fellow at the Brookings Institution, is a co-author with Letha Tawney and Alex Trembath of the recent report “Beyond Boom and Bust: Putting Clean Tech on a Path to Subsidy Independence.” Tawney (@ltawney) is a senior associate at the World Resources Institute, and Trembath (@atrembath) is a policy associate at the Breakthrough Institute.
For more on this story, visit: Washington’s roadblocks to clean energy – Opinion – The Boston Globe.