The Importance of Research and Development (R&D) for U.S. Competitiveness and a Clean Energy Future

Michael Greenstone,

June 2011

I am grateful for the opportunity to speak today about two interrelated challenges that our country faces. The first is the stagnation in economic opportunity for many families that dates back at least three decades. The second is the economic, national security, and environmental risks posed by our continued reliance on fossil fuels. The key purpose of my testimony is to discuss how R&D can enable us to begin confronting these dual challenges by creating new jobs for American workers, and fundamentally altering the way we produce and consume energy.