Renewable Energy: Background and Issues for the 110th Congress [September 6, 2007] [open pdf - 207KB]
"Renewable energy can be used to produce liquid fuels and electricity. A variety of funding, tax incentives, and regulatory policies have been enacted to support renewables as a means for addressing concerns about energy security, air pollution, international competitiveness, and climate change. This report reviews the background for renewables and describes the current congressional debate. Budget and funding issues are key concerns. The Energy Policy Act of 2005 authorized several new renewable energy demonstration and deployment programs, but most of them have not been funded. […] Tax and regulatory policies are also at issue. The interaction of the federal renewable energy electricity production tax credit (PTC) with state renewable portfolio standard (RPS) policies has forged a strong incentive for wind energy development. […] The ethanol fuel issue has intensified. Corn ethanol production is rising rapidly, but appears to be causing food price increases. Concerns about rising food prices and apparent limits to the long-term potential for corn ethanol have brought a focus on cellulosic ethanol. […] Key challenges to the omnibus energy bills remain. First, there are significant differences between H.R. 3221 and H.R. 6. Second, because the House and Senate have passed different measures, further action would be required in at least one chamber before a conference committee could be arranged. Third, concerns about the oil and natural gas revenue offset provisions, and the lack of measures to increase oil and gas production have led the Administration to threaten to veto each bill."
CRS Report for Congress, RL34162
White House: http://www.whitehouse.gov/