As of late, the spike of clean energy technology innovation is slowing down in the United States, during a time that the Trump administration is aiming to drastically cut government research spending in the industry... The slump in clean energy patents is a direct result of the downturn in oil and gas prices, according to Morico. “When oil was trading at over $100 per barrel just before the crash in 2014, there was a lot of investment going into renewable/clean energy. After the prices of oil crashed, investors started cutting back their investments in renewable/clean energy because the costs of many of these technologies couldn’t compete with low oil and gas prices,” he explained.
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