Thank you Secretary Chu- you rightly warned that we are lagging behind!
In his letter, Chu took aim directly at his critics, saying the clean-energy efforts were a success—and blasted climate-change skeptics as trapped in "the Stone Age."
"While critics try hard to discredit the program, the truth is that only one percent of the companies we funded went bankrupt," he wrote. "That one percent has gotten more attention than the 99 percent that have not."
Chu added: "The test for America’s policy makers will be whether they are willing to accept a few failures in exchange for many successes. America’s entrepreneurs and innovators who are leaders in the global clean energy race understand that not every risk can—or should—be avoided. Michelangelo said, 'The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.'"
He also scolded climate-change skeptics and urged a shift from fossil-fuels to other sources of energy.
"The overwhelming scientific consensus is that human activity has had a significant and likely dominant role in climate change," Chu warned in his letter. "There is also increasingly compelling evidence that the weather changes we have witnessed during this thirty year time period are due to climate change."
Chu underlined that China was pushing ahead with clean-energy investments—outpacing U.S. efforts.
"While we cannot accurately predict the course of climate change in the coming decades, the risks we run if we don’t change our course are enormous. Prudent risk management does not equate uncertainty with inaction," he said. "The Stone Age did not end because we ran out of stones; we transitioned to better solutions."