Using tax expenditures to achieve energy policy goals
By: Gilbert E. Metcalf.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13753; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13753.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six.  Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures highly cost ineffective at best and counterproductive at worse.  The tax credit for ethanol is an example of a cost ineffective subsidy.  The cost of reducing CO2 emissions through this subsidy exceeded $1,700 per ton of CO2 avoided in 2006 and the cost of reducing oil consumption over $85 per barrel"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/12/2008.

Includes bibliographical references.

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