If you want to get emissions reductions, you must make the alternatives for electric power generation cheaper than coal. It’s that simple. If you don’t do that, you lose.
The US is making a huge mistake in the way we are dealing with global warming. Instead of following the old adage, “an ounce of prevention is worth a pound of cure,” we are doing the opposite: committing massive dollars for mitigation strategies while at the same time refusing to build the most promising new clean base-load power generation technologies developed by our nation’s top energy scientists.
The International Energy Agency tells us that every year of delay in action to tackle global warming costs $500 billion.
So what are doing about it?