Incentives for energy conservation endorsed by (outgoing) FEA aide. [Roger W. Sant]

Journal Article · Tue Jun 01 04:00:00 EDT 1976 · Energy Res. Rep.; (United States)

OSTI ID:7363637

Roger W. Sant, former Federal Energy Administration assistant administrator for conservation and environment, was opposing tax incentives and loan guarantees a few months ago. Now he feels that the pace of energy conservation will be dependent on financial incentives from the government. He calculates 7 million barrels of oil per day equivalent savings by 1985, one-half coming from price increases and the remainder from programs identified by the FEA the past two years. The forecast is based on several legislative assumptions: (1) that Congress will allow FEA to decontrol oil prices; (2) that a law on energy standards for buildings is passed; (3) that tax incentives and/or loan guarantees for businesses and residences be allowed; and that (4) in future years the possibility of ''disincentives''--taxes on top of decontrolled prices--to bring consumption down farther than the market would call for. Sant was hopeful about the proposed Energy Conservation Act of 1976, which has been revised to provide up to $425 million in fiscal 1977 and more over each of the next three years in five major programs: to help finance insulation for low-income families, home owners, and small business; to guarantee commercial loans for energy conserving measures; and to help states implement energy conservation programs. (MCW)

• OSTI ID: 7363637
• Journal Information: Energy Res. Rep.; (United States), Journal Name: Energy Res. Rep.; (United States) Vol. 2:6; ISSN ERRED
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
291000* -- Energy Planning & Policy-- Conservation
CHARGES
ECONOMIC POLICY
ENERGY CONSERVATION
ENERGY CONSUMPTION
ENERGY SOURCES
ENVIRONMENT
FINANCING
FORECASTING
GOVERNMENT POLICIES
LEGISLATION
NATIONAL ORGANIZATIONS
TAXES
US FEA
US ORGANIZATIONS