government funding

A group of powerful U.S. business leaders has called on the government to sharply increase funding of renewable energy research or risk falling far behind other nations in the race to replace fossil fuels with green technologies. The group, which includes Microsoft co-founder Bill Gates, General Electric CEO Jeffrey Immelt, and venture capitalist John Doerr, said the government should triple spending on energy research and development to $16 billion a year and create a national energy board to oversee investment decisions in renewable energy research.