Table ES1. Summary of Impacts for Selected Climate Change Technology Initiatives, 2010
| CCTI Initiative | Reductiona in Energy Useb (Trillion Btu) | Reductiona in Carbon Emissionsc (Million Metric Tons) | Annual
Energy Fuel Expenditure Savingsa (Million 1998 Dollars) |
Tax
Revenue Loss, Cumulative, 2000-2004d (Million 1998 Dollars) |
||
| EIA Estimate | Administration Estimate | |||||
| Without Unintended Beneficiaries | With Unintended Beneficiaries | |||||
| Tax Credits | ||||||
| Buildings | ||||||
| - Energy-Efficient Equipment | 24.4 | 1.2 | 563.1 | --e | --e | 1,415 |
| - Energy-Efficient New Homes | 6.4 | 0.2 | 79.7 | 407 | 537 | 394 |
| - Rooftop Solar Equipment | <0.01 | <0.01 | <0.01 | <1 | 102f | 120g |
| Industrial Sector | ||||||
| - Combined Heat and Power | --h | 0.15 | 38.0 | 15 | 85 to 125i | 309 |
| Transportation Sector | ||||||
| - Electric, Fuel Cell, and Electric Hybrid Vehicles | 0.8 | <0.01 | 8.7 | 562 | 1,960 | 790 |
| Wind and Biomassj | 71.9 | 1.5 | 150.7 | 379 | 816 | 293 |
| Total | 103.5 | 3.1 | 840.2 | -- | -- | -- |
| aReductions are
relative to the CCTI reference case which is similar to that in Energy Information
Administration, Annual Energy Outlook 1999, DOE/EIA-0383(99) (Washington, DC,
December 1998). For wind and biomass, the expenditure savings are for expenditures on
fossil fuels for electricity generation. bFor the wind and biomass tax credits, the change represents the reduction in fossil energy use for electricity generation. cReductions in carbon emissions from electricity are calculated by displacing marginal generating plants. dEIA's revenue losses are for calendar years, and the Administration's revenue losses are for fiscal years. eThe revenue impacts can only be estimated for natural gas heat pumps--$21.6 million without unintended beneficiaries and $61.6 million with unintended beneficiaries. fAssumes a portion of the commitments of the photovoltaic installations under the Million Solar Roofs program. Excludes Federal government installations. gRevenue impacts are for 2000 through 2004 although the proposed tax credit for photovoltaic systems extends through 2006. hCogenerated electricity substitutes for purchased electricity, and total site use increases due to additional natural gas consumption. iThe range results from the possibility that additions currently planned for 1999 or 2003 may be moved to take advantage of the tax credit. jTotal revenue impacts for all three wind and biomass programs. Treasury does not disaggregate the revenues into the individual programs. |
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