Investing In Innovation Moves Us Forward, Markets Move New Innovations Forward

Organized competitive markets create an effective mechanism to stimulate technological innovations and achieve federal emissions reductions goals. Promoting innovative solutions and market approaches delivers economic and environmental benefits to consumers.

A proposal being developed in the U.S. Senate would use a market-based approach to limiting carbon dioxide emissions from the electricity sector. While drumming up support for the tri-partisan bill, Senator John Kerry (D-MA) said that markets unleash “ingenuity” and send the proper price signals for investment. COMPETE couldn’t agree more, as outlined in a joint statement with the Environmental Defense Fund (EDF).

COMPETE is working cooperatively with the Galvin Electricity Institute, NDN and Recycled Energy Development to explore how organized electricity markets are stimulating technological innovations to meet America’s economic and environmental needs. A joint panel discussion this week will explore the intersection of competitive electricity markets and innovative clean energy, smart grid, energy efficiency, and demand response technologies.

Advancing market forces to strengthen our national economy is positive action designed to move America forward; ignoring competition’s benefits for consumers only protects the status quo and won’t bring us a sustainable economy with sustainable jobs.