Renewable, efficient energy touted to US lawmakers

WASHINGTON (Reuters) – Energy experts urged U.S. lawmakers on Friday to focus on efficiency and renewable energy, as well as increased domestic production, as they consider legislation to address volatile fuel prices.

Speaking at a bipartisan energy summit hosted by the U.S. Senate, experts encouraged lawmakers to invest in research and technology and make tax credits for renewable energy consistent.

“An on-again, off-again production tax credit is not a way to promote stable development of renewable energy,” Daniel Yergin, chairman of Cambridge Energy Research Associates, told lawmakers.

“Uncertainty is the enemy of investment, whether for renewables and alternatives or for conventional energy.”

Reuters UK