Right now we have 13 billion+ per year in energy subsidies. We also have a lack of investment. I propose the government give the next 10 years of those subsidies to the inventor of the next great energy source (after they invent it of course). Set a target of 1/xth cost of the current natural gas plant (the current cheapest I believe) in terms of capital / fuel / distribution / externalities etc. Th final prize winning design may not be patented.
In one stroke of a pen we’ll have tons of investment. At best we’ll hit the target, have cheap energy and get to end energy subsidies, at worst we’ll have jobs and a lot of good viable alternatives for energy – without the government picking winners.
Cross posted in the comments section here.
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