During last night’s presidential debates, both candidates emphasized the need for an “All of the Above” (AOTA) energy plan. That both candidates expressed the need for an AOTA energy strategy reflects the growing recognition among policymakers on both sides of the aisle and our nation’s business leaders the critical role that energy has always and must continue to play in a prosperous and secure America. The fact is, government has always employed a variety of incentives to encourage the development of all domestic energy resources at the state and federal level. Such incentives include direct subsidies, tax breaks, market support, technology demonstration programs, research and development (R&D) programs, procurement mandates, information generation and dissemination, technology transfer, directed purchases, and government funded regulations.
While the debate format limited each candidate’s ability to outline policy specifics, Joe Desmond, BrightSource’s SVP of Government Affairs and Communications, provided his perspective on AOTA during the keynote address at the US Energy Association’s Annual Energy Supply Forum in Washington D.C. Joe’s speech outlined why AOTA energy policy is desirable and critical for America’s future and what it will take to get us to an AOTA energy scenario. Joe concluded his speech by detailing a policy framework to support this AOTA goal.
The speech in its entirety can be read online.