Summary: Clean-energy technology is expensive and the United States is spending far too little on developing it. The U.S. government must do more to promote cross-border innovation and protect intellectual property rights.
The world faces a daunting array of energy challenges. Oil remains indispensable to the global economy, but it is increasingly produced in places that present big commercial, environmental, and geopolitical risks; greenhouse gases continue to accumulate in the atmosphere; and the odds that the world will face catastrophic climate change are increasing. These problems will only worsen as global demand for energy rises.
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