Accession Number : ADA624223
Title : Federal Support for the Development, Production, and Use of Fuels and Energy Technologies
Descriptive Note : Congressional rept.
Corporate Author : CONGRESSIONAL BUDGET OFFICE (U S CONGRESS) WASHINGTON DC
Personal Author(s) : Webre, Philip ; Dinan, Terry ; Booth, Mark
Report Date : Nov 2015
Pagination or Media Count : 29
Abstract : The federal government provides financial support for the development, production, and use of fuels and energy technologies both through tax preferences and through spending programs administered by the Department of Energy (DOE). Policymakers have provided that support with several goals in mind, including increasing domestic energy production, reducing greenhouse gas emissions, and encouraging research that might benefit society but that would not be profitable for private firms to undertake without government funding. In fiscal year 2015, tax preferences provided the bulk of federal support for energy development, production, and use. Whereas tax preferences are estimated to have resulted in $15.8 billion in forgone revenues, lawmakers appropriated funds equal to about one-third of that amount $5.4 billion for DOE to fund the relevant spending programs.
Descriptors : *ENERGY , *FUELS , *SCIENTIFIC RESEARCH , *UNITED STATES GOVERNMENT , COST EFFECTIVENESS , GREENHOUSE EFFECT , HISTORY , TAXES
Subject Categories : Economics and Cost Analysis
Government and Political Science
Non-electrical Energy Conversion
Electric Power Production and Distribution
Test Facilities, Equipment and Methods
Distribution Statement : APPROVED FOR PUBLIC RELEASE