The government also has to get the public rules right. That means putting a price on carbon, so the cleaner forms of energy become more competitive. As soon as that happens, a tidal wave of new capital, innovation and entrepreneurship will flood into the clean energy space - creating new jobs and opportunities for Americans of all walks of life. We did that for the internet, with public investments in the basic system through the Pentagon, followed by rules that encouraged innovation and competition. And that is why the internet took off in the United States first.
We are trying to reinvigorate our stagnant energy sector, to create avenues for new wealth. Clean energy innovation, job creation and energy independence should be common ground for all Americans.
We're just trying to end illegitimate government support for a single technology, which is un-American. We should be leading the world in the next generation of technological innovation. But we can't unleash private capital because of what the government is doing to stifle innovation and to choke competition.
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