31 Aug '11, 2pm

Gambling on clean energy:

Gambling on clean energy:

Chu called for a Clean Energy Administration that would be funded with $5 to $10 billion in seed money to make strategic loans, and then become self-sustaining as the interest on those loans were paid back. As he often does, Chu cited turning points in U.S. history where the government took the long view and funded innovation. European air superiority during World War I led to the National Council on Aeronautics. When the Soviets launched their Sputnik satellite and started a space race, President Eisenhower responded by beefing up American science education.

Full article: http://www.mnn.com/earth-matters/energy/blogs/gambling-on...

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