The American economy has always been the innovator in the world, and we're starting to see some tremendous increases in innovation, especially in the clean energy sector.
Energy is a sector of the economy that has been particularly resistant to innovation. This is precisely the problem. It is why we are still dependant on energy sources that are 100 to 150 years old while virtually every other sector of the economy has transformed itself. This is why we believe that the faith that many environmentalists still hold that carbon regulations and taxes will drive sufficient private sector investment into energy markets to create the kind of innovation we need is unfounded.
I can tell you, Massachusetts, fastest growing sector of our economy is clean energy and energy efficiency companies. And they're growing faster than any other sector.
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.
The dirty energy crowd can be offset only by the power of the rising clean energy sector and the American people, aroused across party lines.
The American economy has always been driven by the entrepreneurial nature of its citizens, and blocking access to affordable health care will only suffocate growth within the small business sector of our economy.
Energy Secretary Ernest Moniz, arguably President Obama's best Cabinet appointment, has been leading a quiet revolution in clean-energy technology. Innovation is transforming this industry, costs are plummeting and entrepreneurs are devising radical new systems that create American jobs - in addition to protecting the planet.
All of the barriers to innovation in the energy sector are arguments for a big commitment to public investment. Only the public sector can make the kind of long-term, common investments that we need to overcome those barriers to innovation.
While some people simply want to villainize the private sector, the fact is that the private sector drives jobs growth; we need to channel the energy and innovation of employers to generate opportunities for the entire labor market.
Yes, I think India's economy always has been a mixed economy, and by Western standards we are much more of a market economy than a public sector-driven economy.
No, I’ve always been impressed with the tremendous resilience of the American economy. I think over the years, over the decades, it’s demonstrated this tremendous ability to take severe body blows, if you will, and bounce back.
No, I've always been impressed with the tremendous resilience of the American economy. I think over the years, over the decades, it's demonstrated this tremendous ability to take severe body blows, if you will, and bounce back.
In Kansas, we are uniquely positioned to capitalize on renewable energy, as our region has some of the highest wind production potential in the world, to create good-paying jobs while growing our clean energy economy.
We have this highly irrational system of incentivizing innovation for clean and green technologies, where we allow the innovator to have a temporary monopoly and then mark up the price of the product or sell licenses at high prices to those who want to use the kind of product that the innovator has invented. This system is collectively irrational because many people, to avoid the inflated prices of still-patented cleaner and greener technologies, opt for some older technology that is much more polluting.
The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.
The U.S. is the gold standard for clean air and clean water. We reached that point through private sector innovation and cooperation between Washington and the states to implement our nation's environmental laws.
I know that there are those who disagree with the overwhelming scientific evidence on climate change. But here's the thing -- even if you doubt the evidence, providing incentives for energy-efficien cy and clean energy are the right thing to do for our future -- because the nation that leads the clean energy economy will be the nation that leads the global economy. And America must be that nation.