As the Obama administration prepares to leave office, it is seeking to underscore just how much has changed in the last eight years in the way we get energy — and to take some credit for it.
Since 2008, costs for wind and solar have plunged by 40 and 60 percent, respectively, according to an analysis provided by the Energy Department. That’s even as the United States has installed 100 gigawatts, or billion watts, of generating capacity in the two technologies combined (75 gigawatts of wind, 25 of solar).
Meanwhile, we now have 500,000 electric vehicles on the road, thanks largely to a 70 percent drop in battery costs. The federal government can’t take credit for all of this (industry invested too, states also promoted renewable energy, and so on), but it helped drive much of it through research investments over decades, said David Friedman, the Energy Department’s acting assistant secretary for energy efficiency and renewable energy.
“The Department of Energy has really changed the world when it comes to energy, and that’s part of a global competition that’s underway,” said Friedman. He spoke to the Post to preview remarks he planned to deliver Monday in Chicago at an event being put on by the Clean Energy Trust, the Chicago Council of Global Affairs, and Business Forward.
Read more (The Washington Post)