Structuring an Energy Technology Revolution Review

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Structuring an Energy Technology Revolution ReviewA lot of people are hoping that we can innovate our way into an energy and environmentally-secure future. The question is: How on earth are we going to do this? Experts on science, government and innovation policy, Charles Weiss and William Bonvillian explore the role of government in bringing on this energy innovation in their new book, Structuring An Energy Technology Revolution. (In the interest of full disclosure, I should say that I am acquainted with the second author. On the other hand, maybe I should also say that like thousands of other Americans I can't help but cheer when I see the value of my Exxon stock go up.)
I found Structuring An Energy Technology Revolution to be a great book. Weiss and Bonvillian, lay out a very plausible and detailed roadmap towards the goal of energy independence and environmental health. In their vision, government, industry and universities collaborate to foster new energy technologies. Think DARPA and the IT revolution on B vitamins, if not steroids. One of their most intriguing ideas (out of many) is that of technology neutrality. Here "no single technology has any special claim on support." (Structuring An Energy Technology Revolution, p.14). Instead, if I understand them correctly, technologies at different stages of development receive research or implementation support depending on their technoeconomic merit. The idea is to nurture an energy innovation environment that speeds up the creation and marketing of new energy technologies. Including the downstream costs or "externalities" of all energy products in the equation is a notable way of leveling the playing field.
Establishing an effective innovation system for energy technology is no easy task. It has to supply sufficient alternatives to the old-style use of fossil fuels, be hospitable to private investment, and not be a boondoggle for bureaucrats or vested interests. This will take considerable political will. It is clear that this political discipline has to come from an informed public. To give us the information we need is the mission of this far-seeing work. Structuring An Energy Technology Revolution shows us how our already intertwined government, science and business communities could actually begin to solve these problems. Will they? Will we step up? I highly recommend this book. Beautifully written, the authors' broad grasp and effective presentation of these complexities gives us an almost panoramic view of the subject with the insider's command of details. If you're at all serious about following or shaping our economic, energy and environmental future, this book is necessary reading.
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