Is There a Cleantech Federal Funding Cliff?

According to Mark Muro of the Brooking Institute and colleagues at the Breakthrough Institute and the World Resources Institute, “In the absence of significant and timely energy policy reform, the recent boom in US clean tech sectors could falter.”  The authors of a new report entitled Beyond Boom and Bust: Putting Clean Tech On a Path To Subsidy Independence, released on April 18, 2012, forecast a significant reduction in federal cleantech subsidies, unless new funding is approved.  Current funding will diminish by 75 percent by 2014 as programs terminate.  The authors suggest that this provides the opportunity for reform and fine tuning of current programs to enhance their performance as the industry matures.

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