Have you heard about the Reicher triangle?
Named after Dan Reicher, Stanford researcher and former U.S. Assistant Secretary of Energy, the theory goes that in order to rapidly deploy clean energy, you need three elements: technology; policy; and finance. When these components are integrated, we’re able to thoughtfully accelerate the speed and scale of clean technologies. The technology is there and is getting better. The finance is following as investors see there’s money to be made. The only missing piece, before this week, has been policy.
The inauguration of Joe Biden as president is the dawn of a new political era; for the first time, the stars are aligning for the clean energy sector to unleash its full potential.
Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.