mr. ethan zindler, who is head of policy analysis with bloomberg new energy finance. he has testified to us before. mr. jesse jenkins is also here. he's the director of energy and climate policy with the breakthrough institute in oakland, california, and we're told today is your birthday as well, mr. jenkins. congratulations. this is a big day for birthdays. >> we've got cupcakes in the back, mr. jenkins. >> yeah, that's right. why don't we have the same procedure here that we did with mr. augustine and have each of you give us five or six minutes of summarizing what you think we should know from your testimony. we will include your full testimony in the record, then we'll have some questions. mr. zindler, you want to be first? >> sure. thank you. good morning, chairman bingaman, senators, ladies and gentlemen. of course, happy birthday to my co-panelist, senator murkowski. it's an honor and privilege to be here before the committee again. i join you in my role as analyst with bloomberg new energy finance, a division of bloomberg, focused on the clean energy sector. ou

mr. zindler, i think this is what the chairman was asking about. i think you spoke to it but i just want to specifically talk about the clean energy development administration or ceda. do you think that is a useful model as a way of helping get ov over the second valley of death? >> potentially it certainly has that as that opportunity. there is a short circuit in the market, as i tried to articulate, that basically there is not the right kind of money out there for this kind of task for large scale demonstration projects so whether it's ceda or maybe some other model or maybe you change the tax rules or whatever it is, that is a market disconnect that is sort of screaming out for some kind of solution. and i think there are a number of interesting ideas out there. that's certainly one of them. >> thank you. thank you, mr. chairman. >> did you have any additional questions? if not, we can conclude the hearing at this point. >> well, i don't want to, you know, put a crimp in your day. >> no, go right ahead. that's what my day's for. >> i wanted to a

mr. zindler. it was your report on competitiveness, rising above the gathering storm that served as a foundation for legislation that passed by an overwhelming margin back in '07. it wouldn't surprise me if your work on energy innovation encapsulated in the report that we're going to hear about today ultimately could lead to a similar result. i think most would agree that it's time for us to renew a coherent, long-term approach to energy development truly in all of the above-approach. innovation, of course, is absolutely at the core of that strategy. i think it's one of the few areas of where the government can and should be providing greater funding. at the same time, i'm aware that if we do decide to spend more on energy innovation we have to make very difficult choices about the amount of spending and the duration as well as what our priorities are for it. a couple comments in each of these areas. first, the obvious, investment is code for spending and that's going to retire taxpayer dollars wi

mr. zindler, this is what the chairman was asking about and i think you spoke to it, but i wanted to specifically talk about the clean energy development administration in reseda. do you think that is a useful model as a way of helping to get over the second valley of death? >> potentially. it certainly has that opportunity. there is a short circuit in the market, as i sort of tried to articulate. i do not know if i did earlier, but basically, that there is not the right money out there for this kind of task, for large scale demonstration projects. whether it is borussia or some other model or maybe you'd change the -- whether it is reseda or some other models are made you change the tax codes, it is screaming out for some kind of solution. there are a number of interesting ideas out there and that is certainly one of them. >> thank you. >> did you have any additional questions? if not, we can conclude the hearing at this point. >> i do not want to put a crimp in your day, but -- >> go right ahead. that is what my day is for. >> i wanted to ask about china. sometimes the u.s. government helps u.s

mr. heath and zindler of policy analysis for bloomberg new energy finance. he's testified before. mr.sse jenkins is also here come the director of energy and climate policy with a breakthrough institute in oakland california and we are told today as your birthday as well it's a big day for birthdays. >> we have cupcakes in the back. >> that's right. >> why don't we have the same procedure here that we did with mr. augustine and have each of you give five or six minutes of summarizing what you think we should know from your testimony. >> you want to be first? >> thank you. good morning, chairman bingaman, senators, ladies and gentlemen, happy birthday to michael panelist senator murkowski it's an honor and a privilege to be here before the committee again. i join you in my role of the energy finance division at bloomberg focused on the clean energy sector. our group provides accurate actionable data in sight on investment technology policy trends and clean energy. my remarks today represent my views alone and not a corporate position be there bloomberg or energy finance the do not repr

mr. zindler, this is what the chairman was asking about. i the keys took its. i want to specifically talk about the clean energy development administration. do you think that is a useful model as a way of helping get over the second tally of death? >> potentially. it certainly has that opportunity. there is a short circuit in the market, as i tried to articulate. basically, there is not the right kind of money out there for this kind of tasks, for large-scale demonstration projects. whether it is some other model or you change the tax will, whenever it is, that is a market disconnect that is screaming out for a solution. there are a number of interesting ideas out there and that is one of them. >> thank you. thank you, mr. chairman. >> date you have additional questions? if not, we can conclude the hearing at this point. >> i do not want to put a crimp in your day -- >> go ahead. >> i want to ask about china, and sometimes the u.s. government helps u.s. companies come up with technologies, and then when these companies don't do something in china, china insists

mr. easton zindler with bloomberg finance. mr. jesse jenkins, the director of energy and climate policy with a breakthrough institute in oakland california, and we are told today is your birthday as well, mr. jenkins. congratulations. it's a big day for both days. >> we have cupcakes in the back. >> that's right. and why don't we have the same procedure here that we did with mr. augustine having each give five or six minutes to summarizing what you think we should know from your testimony we will include your full testimony in the record and then have some questions. did you want to be first? >> good morning german bingaman and centers, of course happy birthday to mike panelists and senator murkowski it's an honor and a privilege to be here before the committee again. i join the role analyst of bloomberg energy finance division to bloomberg focus on the clean energy sector power grid provides accurate and optional data in sight technology trends and clean energy. my remarks today represent my views alone and not the corporate posi