091911Downloads334 - From incoming e-newsletters ASME...

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From incoming e-newsletters September 19, 2011: ASME Capitol Update : BUSINESS LEADERS CALL FOR DRAMATIC INCREASE IN FEDERAL R&D  FUNDING The Bipartisan Policy Center's American Energy Innovation Council, a group of high-profile private-sector  executives, including Microsoft Corp. founder Bill Gates and Norm Augustine, former chairman and CEO  of Lockheed Martin Corp. and former undersecretary of the Army, has released a report calling for  expanded government investment in energy research. This team of leading CEOs is pushing for tripling  the country's annual clean-energy investment. The group proposes a number of reforms to promote more investment in energy technology and potential  funding sources, including: A call for a comprehensive, government-wide Quadrennial Energy Review; Increased support for the Energy Department's "innovation hubs" and the Advanced Research  Projects Agency-Energy, or ARPA-E; Reorganizing DOE's program structure to be more like ARPA-E; and, Creating a new government-backed financing institution, or Clean Energy Deployment  Administration (CEDA).  The group says a consistent funding stream is crucial to supporting such reforms, and it suggests several  -- potentially controversial -- revenue streams, such as diverting royalties from domestic energy  production, reforming and redirecting energy technology subsidies, collecting a wires charge on electricity  sales, levying fees on other energy or pollution sources and streamlining DOE. "Understandably, especially in this period of tight budgets, people ask why the private sector can't fund  the necessary R&D into energy alternatives," Microsoft Corp. founder Bill Gates said in a statement. "No  matter how well intentioned, utility companies and other private investors simply are not going to invest  deeply in the kind of R&D needed to create scalable, low-cost, low-carbon energy innovations. They have  little or no economic incentive to do so. This is a unique but critical role for government, one central to our 
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