Analysis of the results of Federal incentives used to stimulate energy production

Technical Report · Sun Feb 01 04:00:00 EST 1981

DOI:https://doi.org/10.2172/6875790· OSTI ID:6875790

Cone, B W; Sheppard, W J; Cole, R J

This study enhances the formulation of a national incentive policy for renewable resource utilization by examining past incentives for traditional energy forms. The research summarized builds on an analysis which estimated that in the years between 1918 and 1977 the Federal government expended $217.4 billion (1977 dollars), representing 33 distinct incentives, for incentives to stimulate energy production. The energy types considered were nuclear, hydroelectricity, coal, oil, natural gas, and electricity. The present study shows that extra production induced by the incentives considered was at least 61 quadrillion Btu (quad). A summary is presented of the results of the 33 incentives in terms of their effects on energy price and quantity as well as on nonquantifiable values such as Federal-state relations, competition, and capital formation. The findings are reported so that the dialog can continue to incorporate the lessons from past incentives to the production of energy from traditional sources into a Federal renewable resource energy policy. They are reported as a budget to serve as a point of departure for future debate centering on the cost of specific Federal actions over relatively short periods.

• Research Organization: Battelle Pacific Northwest Labs., Richland, WA (USA)
• DOE Contract Number: AC06-76RL01830
• OSTI ID: 6875790
• Report Number(s): PNL-3422(Exec.Summ.)
• Country of Publication: United States
• Language: English

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