Q: Is spending on efficiency technologies and alternative energy sufficient to achieve these goals?
A: The U.S. lags badly in both private and public investment in both efficient energy use and alternative supplies. Most of the fuel and power we now use is wasted. In economic terms, most energy-savings efforts in businesses rank among the lowest-risk investments in the whole economy and return many times their marginal cost of capital. This egregious misallocation of capital means wealth is wasted instead of being created.