Table ES1. Summary of Projected Impacts for CCTI Tax Initiatives, 2010
| CCTI Initiative | Reductiona
in Primary
Energy Useb (Trillion Btu) |
Reductiona in Carbon Emissionsc (Million Metric Tons) | Annual Energy Fuel Expenditure Savingsa (Million 1998 Dollars) |
Tax Revenue Loss, Cumulative, 2001-2005d | ||
| EIA Estimatee (Million 1998 Dollars) |
Administration
Estimate (Million Nominal Dollars) | |||||
| Without Unintended Beneficiaries | With Unintended Beneficiaries | |||||
| Buildings | ||||||
| - Energy-Efficient Equipment |
5.9 | 0.1 | 41.4 | 116f | 198f | 201 |
| - Energy-Efficient New Homes |
9.5 | 0.1 | 68.6 | 394 | 454 | 633 |
| - Rooftop Solar Equipment | <0.01 | <0.01 | <0.01 | <1 | 102g | 132 |
| - Distributed Power | 1.7 | <0.05 | 11.5 | <1 | 8 | 10 |
| Transportation | ||||||
| - Electric, Fuel Cell, and Hybrid Electric Vehicles |
27.1 | 0.5 | 283.0 | 1,438 | 1,912 | 2,078 |
| Renewable Generationh | 48.7 | 0.6 | 88.8 | 408 | 944 | 976 |
| Total | 92.9 | 1.3 | 493.3 | 2,356 | 3,618 | 4,030 |
| aEstimated reductions are relative to the CCTI reference case which is similar to that in Energy Information Administration, Annual Energy Outlook
2000, DOE/EIA-0383(2000) (Washington, DC, December 1999). For renewable generation, the expenditure savings are for expenditures on fossil
fuels for electricity generation. bFor the renewable generation tax credits, the change represents the reduction in fossil energy use for electricity generation. cReductions in carbon emissions from electricity are calculated from the estimated emissions of marginal generating plants. dEIA's revenue losses are for calendar years, and the Administration's revenue losses are for fiscal years. Revenue reductions are for 2001 through 2005 although some proposed tax initiatives extend beyond 2005. eIf the EIA estimates of revenue losses were in nominal dollars, the estimates would be larger and generally closer to the Administration's estimates. fEIA does not include commercial sector purchases of natural gas heat pumps or heat pump water heaters. gAssumes a portion of the commitments of the photovoltaic installations under the Million Solar Roofs program. Excludes Federal government installations. hTotal revenue impacts for all renewable generation programs. For new biomass and wind generating capacity accelerated into service before 2006 in order to receive the production tax credit, only generation in 2006 and after is considered to be an unintended beneficiary. Treasury does not disaggregate the revenues into the individual programs. | ||||||