INNOVATION IS NECESSARY BUT THIS PROGRAM IS WHACK. The spending - TopicsExpress

INNOVATION IS NECESSARY BUT THIS PROGRAM IS WHACK. The spending is headed sharply higher due to two recent laws that created roughly $1 billion in new taxes and fees for clean-energy goals. We are moving in the direction of spending $2.5 billion per year on energy efficiency and alternative-energy programs, said Tiffany Roberts, author of the Legislative Analysts Office report. At that point, the spending would surpass the current level of state support for the University of California system. Many of the projects involve technologies and research that even aggressive venture capitalists will not touch.

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