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A Positive Role for Federal Tax Policy in Promoting
Energy Security and Reducing Emissions Intensity
American Council for Capital Formation
November 2002
(PDF)
As the Congressional debate on U.S. energy policy and on measures to
combat the potential threat of climate change continues, the ACCF Center
for Policy Research offers this special report that presents new data
showing the United States lags far behind our international competitors
in providing pro-investment incentives for energy assets. The need for
enhanced energy supplies to help insure strong U.S. domestic growth as
well as facilitate strategic preparedness in these uncertain times is
a major reason for the extended congressional debate on energy policy.
In addition, the release of the Bush Administration’s “U.S.
Climate Change Strategy: A New Approach,” with its focus on the development
of new technologies for efficient energy production to reduce emissions
intensity and its proposals for tax credits and tax incentives, suggests
that a careful review of the adequacy of the provisions of the U.S. tax
code is in order.
Read
the Full Report (PDF)
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