20 Oct '11, 4pm

A New Way to Reward Innovation

A New Way to Reward Innovation

Associated Press President Obama with Chris Gronet, the chief executive of the solar panel maker Solyndra. The company went bankrupt after receiving a big loan guarantee. The unraveling of Solyndra , which filed for bankruptcy last month after receiving $528 million in federal loan guarantees, has stirred vigorous debate over the most efficient ways of encouraging green innovation. Those who argue that it should be left to market forces spar endlessly with advocates of government subsidies. A new idea advanced by Thomas Pogge , a professor of philosophy and international affairs at Yale and a co-founder of Academics Stand Against Poverty , has sought to shift the discussion from ways of financing risky innovation to ways of rewarding it. The question should be not how we place our bets, he suggests, but how we value the outcome. Dr. Pogge has proposed the creation of an Ec...

Full article: http://green.blogs.nytimes.com/2011/10/20/a-new-way-to-re...

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