Conclusions

There are numerous reasons - economic, environmental and security-related - for the US to move rapidly to drastically shift its policies towards the support of renewable energy industries and initiatives. The current situation, in which the US trails both Europe and Asia in the implementation of renewable technology, can be reversed with a consistent and coherent energy policy that embraces renewables through long-term subsidies and the removal of perverse fossil fuel subsidies. This move is the first step on the long journey to the carbon-free economy that the US will inevitably have to adopt for the future, for, if not done soon, the US may not be able to catch up and assume the worldwide leadership in this area to which it aspires. Our recent report with the Center for American Progress (WI and CAP, 2006) describes the steps that the US must take to effect the fundamental transition to a 21st century energy system.

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