PCWorld – The next industrial revolution will not be in IT, but in ET — energy technology — and the U.S. is in danger of missing the boat, two green tech experts said Wednesday.
The U.S. is investing only a fraction of the money needed to drive innovations in green tech, and the U.S. government is not providing enough incentives for companies and residents to adopt energy alternatives, author Thomas Friedman and venture capitalist John Doerr told a U.S. Senate committee.
The U.S. government needs large-scale programs to provide research and development funding for energy startups and loans for alternative energy companies, Doerr told the Senate Environment and Public Works Committee. In addition, the U.S. government needs to tax the use of carbon-based fuels as a way to drive users from oil and gas to alternative energy sources, both Doerr and Friedman said.
