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Witnesses urge U.S. to fund demonstrations, export credit and permitting reform to scale clean technologies
Summary
Panelists told senators to prioritize funding for technology demonstrations, export-credit packages and permitting reform so the U.S. can commercialize carbon capture, advanced nuclear and other technologies for global deployment and to compete with China’s financing.
During questioning, senators pressed witnesses on where limited federal funds would be most effective: domestic efficiency measures or investment in technologies that can be exported to developing countries.
Rich Powell said he would ‘‘put the vast majority of the resources in the latter bucket’’ — investing in demonstrations for…
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