1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web98-193 EUpdated March 14, 2000Global Climate Change: The Energy TaxIncentives in the Presidents FY2001 Budget Salvatore LaserSpecialist in Public FinanceResources, Science, and Industry DivisionS
2、ummaryThe Presidents FY2001 budget includes several energy tax incentives intended toreduce greenhouse gases linked to possible global warming. The incentives subsidizeenergy conservation and promote energy efficiency in each of the energy end-use sectors residential and commercial, industrial, and
3、transportation and encouragesubstitution toward alternative energy technologies such as solar and wind power andelectricity produced from alternative energy resources such as biomass. The conservationand efficiency tax incentives are in the form of nonrefundable tax credits for energy-saving capital
4、 goods. In addition, some of the tax credits are intended to directly reducethe quantity of harmful greenhouse gases linked to possible global climate change. Someare versions of energy tax incentives that were enacted under President Carters EnergyTax Act of 1978 (as amended), but have since expire