A strategy for America’s energy future: Illuminating energy’s full costs
by Michael Greenstone and Adam Looney
The Hamilton Project examines the cost of energy by fuel type.
In this paper, The Hamilton Project provides four principles for reforming America’s energy policies. First, a level playing field requires that the full costs of different energy sources be priced. Second, basic research, development, and demonstration are essential for energy innovation, but government funding is required for critical investments that the private sector does not have the incentives to undertake. Third, environmental regulations should be designed and implemented as efficiently as possible. Finally, climate change, as a problem of global scope, should be addressed on a global scale.