U.S. Department of Energy (DOE) Secretary Ernest Moniz says in a new video that the nation should take advantage of the natural gas boom and use it as an opportunity to further develop renewable energy sources such as wind, solar, geothermal and hydropower.
Moniz, who was sworn in as energy secretary May 21, made the comments while addressing DOE employees during his first town hall meeting.
In the video, Moniz suggests that the recent boom in natural gas production is a ‘boon’ that has resulted in reduced CO2 emissions in the absence of overarching legislation. Moreover, increased use of natural gas should be seen as a ‘bridge to a very low carbon future’ that offers the U.S. time and resources to make alternative and renewable energy technologies more cost effective.
‘Clearly, we need to continue our focus on wind, pushing more offshore wind, for example, where cost reduction is critical,’ Moniz says. ‘Certainly pushing on solar across the board, and like I say, I'm very bullish on solar. I think it's going to be a lot bigger than most people think, sooner than they think, in my view.’