Reports & Papers

Characterizing the future performance of energy technologies can improve the development of energy policies that have net benefits under a broad set of future conditions. In particular, decisions about public investments in research, development, and demonstration (RD&D) that promote technological change can benefit from (1) an explicit consideration of the uncertainty inherent in the innovation process and (2) a systematic evaluation of the tradeoffs in investment allocations across different technologies. To shed light on these questions, over the past five years several groups in the United States and Europe have conducted expert elicitations and modeled the resulting societal benefits. In this paper, the authors discuss the lessons learned from the design and implementation of these initiatives.

Even as this paper was being written and edited, U.S.-Russian relations have warmed and chilled. Today, as we are about to go to press, marks a particularly chilly period in recent history, with the cancellation of a planned Moscow Summit in September 2013. To some, this cold spell might signal an inapt moment to consider issues related to transcending mutual deterrence. Such a view would overlook the aims of the paper, which attempts to assess the central and enduring interests of the United States and Russia, the extent to which they coincide or conflict, and whether or not in light of these interests mutual deterrence should remain a fundamental feature of the relationship.

Dramatic growth in nuclear energy would be required for nuclear power to provide a significant part of the carbon-free energy the world is likely to need in the 21st century, or a major part in meeting other energy challenges. This would require increased support from governments, utilities, and publics around the world. Achieving that support is likely to require improved economics and major progress toward resolving issues of nuclear safety, proliferation-resistance, and nuclear waste management. This is likely to require both research, development, and demonstration (RD&D) of improved technologies and new policy approaches.

Researchers from the United States and Russia have issued a joint assessment of the global threat of nuclear terrorism, warning of a persistent danger that terrorists could obtain or make a nuclear device and use it with catastrophic consequences. The first joint threat assessment by experts from the world’s two major nuclear powers concludes: “If current approaches toward eliminating the threat are not replaced with a sense of urgency and resolve, the question will become not if but when, and on what scale, the first act of nuclear terrorism occurs.”

"The focus of the workshop was on the demonstration stage of the technology innovation cycle. Current policies do not adequately address the private sector’s inability to overcome the demonstration "valley of death" for new energy technologies. Investors and financiers fear that the technology and operational risks at this stage of the cycle remain too high to justify the level of investment to build a commercial-sized facility."

"There is broad political consensus that the current energy system in the United States is unable to meet the nation's future energy needs, from the security, environment, and economic perspectives. New energy technologies are required to increase the availability of domestic energy supplies, to reduce the negative environmental impacts of our energy system, to improve the reliability of current energy infrastructure (e.g., smart grid, energy storage), and to increase energy efficiency throughout the economy."

An analysis of U.S. Government Investments in Energy Research, Development, and Demonstration Database.

The report contains detailed policy recommendations for addressing oil security, climate change, natural gas supply, the future of nuclear energy, and other long-term challenges, and is backed by more than 30 original research studies.

The National Commission on Energy Policy proposes revised policies regarding a cap and trade proposal for addressing global climate change, increases in fuel economy standards, approaches for the storage of nuclear waste, development and deployment of advanced coal technologies, adoption of a national renewable energy standard, and other major energy policy issues.