In the second half of the Council on Competitiveness Regional Energy Summit at Rutgers University, Public Service Enterprise Group CEO, Ralph Izzo, shared his strong opinions on the direction of our energy future. He began by laying out the nation’s three main energy issues: energy security, climate change, and the severe economic downturn. Izzo said that the common denominator for all of these challenges is that they could be solved through investment in sustainable energy infrastructure. Instead of continuing the traditions of consumers rescuing the economy, he believes the ultimate savoir will be investment.
The PSEG CEO also shared his appreciation for the widespread support of putting a price on carbon emissions, displayed during the morning panel discussion. While conceding it will be tough politically, he urged policymakers to make it clear to the public that energy prices will be raised. Izzo asserted that leaders should not runaway from raising the price of fossil fuel based electricity. He said that policymakers must make the argument that the reward of a clean and sustainable environment is worth every dime of raised energy prices.
PSEG, as well as Rutgers University were both co-sponsors of the Summit today.
- This post created by the Council on Competitiveness
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