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Federal financial support for the development and production of fuels and energy technologies

Highlights

Federal Support for Developing and Producing Fuel and Energy Technologies Totaled $24 Billion in 2011

Tax Preferences Were Mostly for Renewable Energy and Energy Efficiency in 2011, but Many of Them Have Expired or Will Expire Soon

The budgetary costs of tax preferences aimed at encouraging energy efficiency and energy produced from renewable sources (such as wind and the sun) increased considerably in 2006, when several new preferences came into effect. Some of those preferences have expired or will expire soon.

Only four major energy tax preferences are permanent: three are for fossil fuels and one is for nuclear energy.

Tax Preferences Are Generally an Inefficient Way to Reduce Environmental Costs of Producing and Consuming Energy

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DOE’s Spending Supports Direct Investments and Subsidized Credit Programs

March 6, 2012

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