$7.5 MIL FOR OCEAN ENERGY R&D
Submitted by New Energy News Blog
Assistant Energy Secretary Karsner said the $7.5 million in R&D funding made available to wave-tide-current energies by the U.S. Department of Energy (DOE) is in service to President Bush’s goal of stopping U.S. greenhouse gas (GhG) emissions from growing by 2025. No doubt that is why the amount invested is so trivial compared to R&D spending on fossil fuels and nuclear energies: Inadequate goal = inadequate investment.
Don’t misunderstand, New Energy will take the money. Just don’t expect it to win any votes.
This is typical DOE shortsightedness.
Wave-tide-current energies don’t have the cost effectiveness more thoroughly developed New Energies now have but that’s because they’re so new they’re still struggling for development funding. The upside potential is enormous, emissions-free and there’s no need to import oceans because the U.S. has one on each coast. Not to mention a big gulf to the south, huge lakes up north and lots and lots of rivers.
