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):

Report Date:

2015-11-01

Pagination or Media Count:

29.0

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.

Subject Categories:

  • Economics and Cost Analysis
  • Government and Political Science
  • Non-electrical Energy Conversion
  • Electric Power Production and Distribution
  • Test Facilities, Equipment and Methods
  • Fuels

Distribution Statement:

APPROVED FOR PUBLIC RELEASE