Federal incentives for energy development
Journal Article
·
· Energy Int.; (United States)
From 1918 to 1977, the federal government spent $211 billion on incentives to encourage the development of six major conventional energy sources: 1) oil, $101.3 billion (48%), 2) electricity transmission and distribution, $50.5 billion (23.9%), 3) commercial nuclear power, $18 billion (8.5%), 4) natural gas, $16 billion (7.6%), 5) hydropower, $15.3 billion (7.3%), and 6) coal, $9.8 billion (4.6%). These funds were disbursed in six ways: 1) taxation (46.3%), 2) requirements, such as price controls (20.5%), 3) market activities, such as the Tennessee Valley Authority (19.2%), 4) nontraditional government services (9.3%), 5) traditional services (4.2%), and 6) direct payment (0.5%). An analysis indicates that the major reason for these incentives were to promote the development of a new technology and to make up the difference between the value of an activity to the public sector and its value to the private sector.
- OSTI ID:
- 6835990
- Journal Information:
- Energy Int.; (United States), Journal Name: Energy Int.; (United States) Vol. 5; ISSN ENEIB
- Country of Publication:
- United States
- Language:
- English
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290600 -- Energy Planning & Policy-- Nuclear Energy
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Legislation
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294000 -- Energy Planning & Policy-- Fossil Fuels
296002 -- Energy Planning & Policy-- Electric Power Transmission & Distribution-- (-1989)
CARBONACEOUS MATERIALS
COAL
ELECTRIC POWER
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
HYDROELECTRIC POWER
MATERIALS
NATURAL GAS
NORTH AMERICA
NUCLEAR POWER
PETROLEUM
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PRICING REGULATIONS
REGULATIONS
RENEWABLE ENERGY SOURCES
TAX CREDITS
USA