Technology Development

Great posting on the The ChamberPost today regarding the Gang of 31 and the repercussions of the adoption of their proposals by the Obama administration.  Check out this excerpt and link to the full article here:

Disincentives to Develop New Technologies

It has been repeatedly proven, in energy and other sectors, that a lack of protection for intellectual property rights acts as a disincentive to further research and development.  A balance must therefore be achieved between patents and developing nation access to climate-related technologies to facilitate technology transfer to developing nations.  These groups are simultaneously asking the U.S. to re-engineer its economy to address climate change while also demanding that the U.S. and other developed countries give away any real economic value such re-engineering would generate.