It is worth noting that virtually every alternative energy source we have - solar, wind, nuclear, and battery and fuel cell technologies for storage - resulted from public innovation and R&D, not private. The problem is that we haven't done enough of it, and we have done it inconsistently.
Ted NordhausWe don't make the investments we need to make, the sector fails to innovate, and then we conclude that it can't innovate.
Ted NordhausAll of the barriers to innovation in the energy sector are arguments for a big commitment to public investment. Only the public sector can make the kind of long-term, common investments that we need to overcome those barriers to innovation.
Ted NordhausIn the months after George W. Bush's reelection, a lot of liberals and environmentalists were ready to take a hard look at their political agenda, the Democratic Party, and the interest groups they supported.
Ted Nordhaus