WASHINGTON DC — A group of 34 U.S. Nobel Laureates is calling on President Obama to urge Congress to include the president’s proposed $150 billion Clean Energy Technology Fund in the climate legislation it is considering. The climate bill approved by the House in June falls far short of this goal, they told the president in a letter sent to the White House today.
"The stable support this Fund would provide is essential to pay for the research and development needed if the U.S., as well as the developing world, are to achieve their goals in reducing greenhouse gases at an affordable cost," they wrote.
"This stable R&D spending is not a luxury," they added. "[I]t is in fact necessary because rapid scientific and technical progress is crucial to achieving" U.S. goals in energy and climate and making the cost affordable.