ABSTRACT

Renewable Energy Policy: Tax Credit, Budget, and Regulatory Issues [July 28, 2006]   [open pdf - 158KB]

From the Summary: "High gasoline and natural gas prices have rekindled interest in the role that renewable energy may play in producing electricity, displacing fossil fuel use, and curbing demand for power transmission equipment. Also, worldwide emphasis on environmental problems of air and water pollution and global climate change, the related development of clean-energy technologies in western Europe and Japan, and technology competitiveness may remain important influences on renewable energy policymaking. The Bush Administration's FY2007 budget request for the Department of Energy's (DOE's) Renewable Energy Program seeks $359.2 million, which is $84.0 million, or 30.5%, more than the FY2006 appropriation. In support of the President's proposal for an Advanced Energy Initiative (AEI), the request includes major funding increases for solar energy (to support the Solar America initiative) and biomass (to support the Biorefinery Initiative). The main increases are for Solar Photovoltaics ($79.5 million) and Biomass ($59.0 million). Some significant cuts were also proposed, and the request sought to eliminate earmarks. Appropriations actions by the House and the Senate Appropriations Committee have approved most of the requested FY2007 funding increases for AEI and greatly reduced earmark funding. Compared with House-passed funding, the Senate Appropriations Committee recommendation seeks an increase of $66.1 million (5%). Table 3 shows other differences, most notably those for Biomass & Biorefinery, Geothermal, Hydro, and Weatherization programs. "

Report Number:
CRS Report for Congress, RL33588
Author:
Publisher:
Date:
2006-07-28
Copyright:
Public Domain
Retrieved From:
National Agricultural Law Center http://www.nationalaglawcenter.org/crs/
Format:
pdf
Media Type:
application/pdf
URL:
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