Members of a Congressional committee on Energy met with leaders of two of the largest businesses in the area, to examine the challenges of alternative energies.
Congressmen John Larson,Â Christopher Shays, Joe Courtney, and Chris Murphy, joined committee chairman, Representative Ed Markey of Massachusetts, to raise questions about renewable energy incentives in Connecticut.
They were posed to United Technologies Chairman George David, and General Electric Vice Chairman John Rice.
Rice says the country should invest in all resources available -- including drilling off-shore.
"Finding responsible ways to access as much of our fossil fuel sources as we can is the only way to go forward. You got to do it cost effectively, and you have to develop wind and solar and all the alternate form of power generation."
John Esty, a professor of Environmental Law and Policy at Yale University, says businesses and public policy both need to work smarter. He says putting a price on the harm created from Green House Gas Emissions through a Cap and Trade System will help the energy conservation measure. Yet he also says there should be incentives to those investors who take the risk of becoming a solutions provider.
"Every public utility commission in this country should be rewarding those who generate electricity, not just for the amount they generate, but for delivering services, providing heat, providing light, providing air conditioning. And if they can invest in the conservation, they should be rewarded for that, and not simply for how many electrons they pump out the door."
Congressman Markey says that by 2009, congress will pass a mandatory cap and trade system that will put a price on carbon. Once that happens he says, innovation will follow.