Posted by: Michael Mandel on February 05
I won’t believe that the U.S. is serious about global warming until I see the feds start throwing real money into R&D into energy and environment-related R&D. After all, no matter what your political views, everyone can agree that more R&D in energy and the environment can only be a good thing.
Unfortunately, that’s not happening yet. Bush’s 2008 budget, released today, proposes a 1% increase in real R&D spending on these four categories—energy, atomic energy, natural resources and environment, and transportation. That’s 1%.
Our commitment of resources looks even more meager in historical perspective. In real terms, proposed environment and energy R&D is 17% below where it was in 1993, and more than 40% below its peak in 1979. As a share of GDP, environment and energy R&D is half what is was in 1993.
Here’s two charts that shows where we are:
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