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America’s economy—in fact our way of life—is highly dependent on secure, affordable, and reliable energy. Though the U.S. has increasingly abundant and diverse sources of domestic energy, many challenges remain: affordable energy is still a challenge for many households and businesses; the oil and gas boom comes with environmental challenges; an aging electric grid faces infrastructure and reliability hurdles; and public investments in energy R&D are insufficient to help keep an international edge. Meanwhile, the issues of climate change, global energy market volatility, policy uncertainty, and competition for energy resources by countries with growing economies remain.
Over the last 18 months, BPC’s Energy Project Board – comprised of industry executives, scientists, former government and elected officials, economists, environmental representatives, and labor leaders – has been analyzing these challenges and how best to address them. The project released a consensus-based report that includes policy recommendations to increase energy diversity across all resources, expand gains in energy productivity, and accelerate innovation.