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Even the slimmed-down version Mr. Domenici is now promoting would underwrite old, polluting technologies that would do little to ensure a more secure energy future.
But in so-called "green chemistry" programs like this, he says, the aim is to reduce or eliminate the intrinsic hazard by finding replacements for polluting technologies.
If governments make sure that investments in areas such as energy, agriculture, transport, infrastructure, forestry, water are climate-friendly and don't lock-in polluting technologies we would make huge progress towards limiting global warming to 1.5 or 2 degrees.
There has long been tension over environmental issues between the developed and developing worlds, as those in richer nations complain that rapid adoption of polluting technologies in poorer countries is pushing the planet into crisis.
The technology could curb rising CO2 emissions in the developing world, where the need to save money forces people to resort to polluting technologies such as diesel, Ainsworth said.
The International Energy Agency predicted recently that $4.2 trillion would be spent on new electric generating plants over the next 30 years worldwide -- an average investment of $140 billion a year -- and that most of these would be using outdated, highly polluting technologies.
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They could be a company in the energy space, they could be a company in manufacturing, they could be a consumer products company that's displacing an old and polluting technology.
During the initial phase of economic growth, the development-resource intensive industry and the polluting technology, combined with population growth, have significantly hastened economic growth, thereby resulting in increased environmental pollution.
Just as bad, Rockefeller's proposal would keep America addicted to oil and other old, polluting energy technologies, while delaying or derailing our switch to a clean, prosperous energy economy. .
As a result, not only was the image of the diesel changed from a loud, polluting, slow technology into a cool, clean, fast and powerful engine, but since then, diesel-powered cars have won every year.
An estimated 2.8 billion people around the globe rely heavily on polluting fuels and technologies to satisfy their heating, cooking, and lighting needs.
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