Download or read book The Role of Taxes in Energy Production and Conservation written by Bernadette M. Horton and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy tax policy involves the use of one of the government's main fiscal instruments, taxes (both as an incentive and as a disincentive) to alter the allocation or configuration of energy resources and their use. In theory, energy taxes and subsidies, like tax policy instruments in general, are intended either to correct a problem or distortion in the energy markets or to achieve some economic (efficiency, equity, or even macroeconomic) objective. In practice, however, energy tax policy in the United States is made in a political setting, being determined by the views and interests of the key players in this setting: politicians, special interest groups, bureaucrats, academic scholars, and fiscal dictates. As a result, enacted tax policy embodies compromises between economic and political goals, which could either mitigate or compound existing distortions. This book explores the role of taxes in energy production and conservation.
Download or read book The Role of Tax Incentives in Addressing Rural Energy Needs and Conservation written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2001 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Taxation written by National Research Council (U.S.). Committee on Energy Taxation and published by . This book was released on 1980 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book First in Series on Effect of Federal Tax Laws on the Production Supply and Conservation of Energy written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 2001 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Purpose Or Private Benefit written by Gill Owen and published by Manchester University Press. This book was released on 1999 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emphasizing their evolution between the oil embargo of the 1970s and the Rio Earth Summit in 1992, examines energy conservation policies in Denmark, the Netherlands, Britain, the US, Australia, and Japan. Analyzes the role of governments through incentives, regulation, and energy pricing, and the influence of electricity and gas companies whose main interest is selling more energy. Finds a significant new focus on energy efficiency and its private benefits to consumers. Distributed in the US by St. Martin's Press. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Energy Production and Conservation Tax Incentive Act written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1977 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Description of Present Law Relating to Federal Tax Provisions That Affect Energy Production and Conservation written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 2001 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Taxonomy of Energy Taxes written by and published by . This book was released on 1979 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Production and Conservation Incentives and Estate and Income Tax Proposals written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1979 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Incentives for Production and Conservation of Energy and Natural Resources written by James Edward Maule and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "... brings together in one place analyses of the many income tax provisions designed to encourage production of energy resources and conservation of energy and other natural resources. The portfolio separates the analyses into six categories. The portfolio also presents a history of the provisions as they have been added, expanded, and modified."--P. iii.
Download or read book Tax Incentives for Production and Conservation of Energy and Natural Resources written by James Edward Maule and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... brings together in one place analyses of the many income tax provisions designed to encourage production of energy resources and conservation of energy and other natural resources. The Portfolio separates the analyses into eight categories"--Portfolio description (Page iii).
Download or read book Energy Tax Policy written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides background on the theory and application of tax policy as it relates to the energy sector, particularly with respect to the theory of market failure in the energy sector and suggested policy remedies. Economic theory suggests that producers of energy-related minerals be taxed no differently than non-mineral producers: Exploration and development costs and other investments in a deposit (including geological and geophysical costs and delay rentals) should be capitalized. In general, competitive mineral producers subject to a pure income tax would not exploit resources as fast (compared with the rate of exploitation under the present system of subsidies). Over the longer term, depletion of fossil fuels and mineral resources leads to higher real energy prices, which would eventually promote the optimal amount of investment in energy efficiency and alternative fuels supply. Under principles of neutrality of tax policy, there is no purely economic rationale for energy taxes or tax subsidies to (1) raise revenues; (2) conserve energy (with one exception); (3) promote alternative fuels; (4) compensate for any extra market risk; or (5) promote, as an industrial policy, specific industries such as the fossil fuels industry. However, even under a pure income tax, economic efficiency suggests a system of energy taxes (in addition to the income taxes) to correct for any environmental externalities caused by the production, importation, and use of each fuel, and energy taxes in the form of user charges for benefits received, such as the highway trust fund. In the case of energy conservation, market failures in the use of energy in rental housing provide an efficiency rationale for the current gross income exclusion for conservation subsidies provided by electric utilities. There are other market failures in energy use that suggest efficiency standards, energy labeling, or government-provided information, but not necessarily tax subsidies. Tax subsidies for domestic oil production tend to stimulate domestic supply of petroleum and reduce demand for petroleum imports. This may enhance national and economic security in the short run, but it might damage national and economic security in the long run as domestic energy resources are depleted faster than they otherwise would be. The economically efficient policy to reduce import dependence would impose a tax (or tariff) on imported petroleum based on the per-barrel estimate of these costs (the so-called oil import "premium"). The problem of vulnerability to embargoes and price shocks, which relates to dependence on imported oil from the Organization of Petroleum Exporting Countries (OPEC) and other potentially unstable or unfriendly foreign countries, is more effectively addressed in a policy of stockpiling oil, as is being done with the Strategic Petroleum Reserve. In terms of environmental protection and management, energy taxes can be a cost-effective and efficient market-based instrument, and they are economically superior to the command and control approach. In sum, energy taxes are generally distortional (except to correct for externalities, or when imposed as user fees for benefits received) and regressive, and may have adverse macroeconomic consequences, particularly sizeable taxes on energy production or oil imports.
Download or read book Tax Incentives for Energy Conservation and Production written by J. Robinson West and published by . This book was released on 1990 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Production and Conservation Tax Incentive Act written by United States. Congress. Senate and published by . This book was released on 1977 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Power of Renewables written by Chinese Academy of Engineering and published by National Academies Press. This book was released on 2011-01-29 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.
Download or read book Implementing a US Carbon Tax written by Ian Parry and published by Routledge. This book was released on 2015-02-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the future extent and effects of global climate change remain uncertain, the expected damages are not zero, and risks of serious environmental and macroeconomic consequences rise with increasing atmospheric greenhouse gas concentrations. Despite the uncertainties, reducing emissions now makes sense, and a carbon tax is the simplest, most effective, and least costly way to do this. At the same time, a carbon tax would provide substantial new revenues which may be badly needed, given historically high debt-to-GDP levels, pressures on social security and medical budgets, and calls to reform taxes on personal and corporate income. This book is about the practicalities of introducing a carbon tax, set against the broader fiscal context. It consists of thirteen chapters, written by leading experts, covering the full range of issues policymakers would need to understand, such as the revenue potential of a carbon tax, how the tax can be administered, the advantages of carbon taxes over other mitigation instruments and the environmental and macroeconomic impacts of the tax. A carbon tax can work in the United States. This volume shows how, by laying out sound design principles, opportunities for broader policy reforms, and feasible solutions to specific implementation challenges.
Download or read book Taxation of Petroleum Products written by Mrs.Poonam Gupta and published by International Monetary Fund. This book was released on 1994-03-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.
