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Figure 8.4 Percentage Policy Mentions Per Type of Energy Source 100% 80% 60% 40% 20% 0% Percentage of Policies Per Type of Energy Source Renewable energy sources in research stages Viable renewable energy sources Viable alternative energy sources Alternative energy sources in research stages Electricity distribution Investment/Production Tax Credits Environmental Protection R&D Support Implementation Incentives lack of funding coupled with high research and implementation costs have delayed technological advancements.37 Other responses faulted low environmental protection standards and the lack of coherent energy policies. Chris Sauer asserted that the development of ocean current technology has suffered from “subsidies of fossil fuels through preferential tax treatment [and the] relaxation of clean air standards.”38 Camille Coley stated that “non-acknowledgement of climate change as an issue” has prevented further advancements of renewable technologies.39 Brynne Ward added that hydrogen has suffered from the “nonexistence of a set of uniform codes and standards.”40 Instituting a carbon cap-and-trade system would promote research, development and deployment of alternative energy technologies. All responses indicated that a well-implemented cap-and-trade system would promote the advancement and use of alternative technologies. The top noted effects of a cap-and-trade system were that it would provide revenue, support research and development, increase the cost- competitiveness of alternative technologies, and encourage implementation and use of alternatives. The breakdown by number of mentions is displayed in Figure 8.5 on the following page. Additional comments from technology experts were that cap-and-trade systems could level the playing field by reflecting the true cost of energy, and that it would ultimately 151PDF Image | Shaping Energy Technology Transition
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