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IPFS News Link • Energy

Energy Innovation Under Romney and Obama

• Kevin Bullis via

The energy positions of the presidential candidates and their respective parties have come into focus more sharply over the last two weeks. The Republicans and Democrats have both published their platforms, and the Republican nominee, Mitt Romney has published his energy plan. 

For campaigns that have been at each other's throats on many issues, there's a surprising overlap between the rhetoric of Romney and President Obama on energy—both favor "all-of-the-above" approaches that include domestic energy sources such as fossil fuels and renewable energy. Both support funding energy research and development through organizations such as the Advanced Research Projects Agency for Energy (ARPA-E). Both talk up the possibility of energy independence, and bewail the inability of every president since Richard Nixon to achieve it.

The candidates differ markedly, though, when it comes to creating a market for new energy technology. Obama supports policies that would create markets for new technologies, and Romney, by and large, doesn't.