ClearPath and ClearPath Action CEO Jeremy Harrell and Daily Caller CEO Elijah Moorman discussed innovation in the US energy sector at the Daily Caller Live event on Tuesday.
Harrell said the US was at a very important moment when it came to energy, defining its clear-pass approach as “regulation rather than sticks, innovation rather than carrots.” He called for encouragement of private sector investment. Build energy sector technologies as quickly as possible and streamline regulations. Harrell added that the permitting process takes too long and noted how the senators have recently made key permitting provisions from the settlement bill. (Related: Experts discuss emergency American energy state at daily caller live events)
“We’re in an emergency moment,” Harrell told Moorman in response to questions about how politicians prioritize the energy sector. “We’re probably on the crisis of reliability and really drive the need to invest in new American energy and new American production that can catalyze that kind of development.”
He said polls revealed that 73% of American voters encourage investment in a variety of energy sources, claiming that the “crisis” will change policymakers’ incentives.
“And at this moment we need to use all the tools in our tool belt to build more American energy than we can match President Trump’s energy control plan. That’s what’s needed for economic growth, and it’s important that America’s manufacturing competitiveness, and frankly, we’re in a massive race with China,” Harrell said.
https://www.youtube.com/watch?v=tne28hkhk5i
Harrell called for a “portfolio approach” to energy, listing a variety of potential energy sources for investments, highlighting support for US manufacturing. He said gas will “play an important role” in the future of America’s energy.
Mooreman asked, raising conservative criticism of the government’s tax credits for the Green Energy Project, noting the importance of its fracking. Harrell explains how subsidies affect various energy industries. Howell said public-private partnerships play a major role in the development of energy production.
“Congress established an unconventional gas production tax credit, which lasted for nearly 20 years, encouraging large investments in new technologies to produce gas, leaving them out of the way,” Harrell explained.And in 2005, Congress made a categorical exclusion for natural gas exploration, so the government went out of the way. ”
“And that policy combo ultimately leads to the gas revolution we have today, and Gas plays the biggest role in the US and US generation as a global leader in gas,” Harrell said.
“The recipe must be something we replicate: let’s take off the market with highly targeted time-based incentives, regulatory reforms, public-private partnerships,’ he concluded.
ClearPath is a nonprofit organization dedicated to promoting US innovation to reduce global energy emissions. They focus on shaping policy solutions that support clean energy and clean manufacturing technologies. Key areas of focus include nuclear energy, carbon capture, hydroelectric power generation, natural gas, geothermal energy, energy storage and clean manufacturing.
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