Federal Support for the Development, Production, and Use of Fuels and Energy Technologies

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.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 2015
Accession Number
ADA624223

Entities

People

  • Mark Booth
  • Philip Webre
  • Terry Dinan

Organizations

  • Congressional Budget Office

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Biofuels
  • Business Administration
  • Climate Change
  • Economic Policy
  • Energy Efficiency
  • Fossil Fuels
  • Fuel Efficiency
  • Greenhouse Effect
  • Greenhouse Gases
  • Law
  • Materials Laboratories
  • Money
  • National Governments
  • Natural Gas
  • Petroleum
  • Renewable Energy
  • Revenue

Readers

  • East Asian Political and Security Studies within the Soviet Union
  • Energy Conservation and Renewable Energy Engineering.
  • Government Contracting/Procurement.