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- W158091422 abstract "The value of energy technology R and D as an insurance investment to reduce the cost of climate change stabilization, oil price shocks, urban air pollution, and energy disruptions is estimated to be $5-8 billion/year in sum total. However, the total that is justified is actually less than this sum because some R and D is applicable to more than one risk. nevertheless, the total DOE investment in energy technology R and D (about $1.3 billion/year in FY97) seems easily justified by its insurance value alone; and, in fact, more might be warranted, particularly in the areas related to climate change and urban air pollution. This conclusion appears robust even if the private sector is assumed to be investing a comparable amount. Not counted is the value to the economy and to US competitiveness of better energy technologies that may result from the R and D; only the insurance value for reducing the cost of these four risks to society was estimated." @default.
- W158091422 created "2016-06-24" @default.
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- W158091422 date "1997-05-06" @default.
- W158091422 modified "2023-09-26" @default.
- W158091422 title "How much is energy R and D worth" @default.
- W158091422 hasPublicationYear "1997" @default.
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