The Experts below are selected from a list of 321 Experts worldwide ranked by ideXlab platform
Gilbert E. Metcalf - One of the best experts on this subject based on the ideXlab platform.
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u s Energy Tax policy
2014Co-Authors: Gilbert E. MetcalfAbstract:1. Introduction Gilbert E. Metcalf 2. Distributional impacts of carbon pricing policies in the electricity sector Dallas Burtraw, Margaret Walls and Joshua Blonz Comments Don Fullerton, Comments Terry M. Dinan 3. Distributional impacts of a US greenhouse gas policy: a general equilibrium analysis of carbon pricing Sebastian Rausch, Gilbert E. Metcalf, John M. Reilly and Sergey Paltsev Comments Richard D. Morgenstern 4. Instrument choice is instrument design David Weisbach Comments Eric Toder 5. Taxes, permits, and climate change Louis Kaplow 6. Border adjustments for carbon Taxes and the cost of emissions permits: economic, administrative, and legal issues Charles E. McLure 7. Taxes and caps as climate policy instruments with domestic and imported fuels Jon Strand 8. How much should highway fuels be Taxed? Ian W. H. Parry Comments Roberton C. Williams III 9. State Tax policy and oil production: the role of the severance Tax and credits for drilling expenses Ujjayant Chakravorty, Shelby Gerking and Andrew Leach 10. The social costs and benefits of US biofuel policies with pre-existing distortions Harry de Gorter and David R. Just Comments Brent Yacobucci.
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U.S. Energy Tax Policy - U.S. Energy Tax Policy
2009Co-Authors: Gilbert E. MetcalfAbstract:The United States face enormous challenges in the Energy area. Climate change, biofuels policy, Energy security and environmental degradation are all intimately bound up with Energy production and consumption. Historically, the federal government has relied on Tax subsidies to effect Energy policy. With mounting federal deficits, policymakers and advocates are increasingly calling for a rethinking of our Energy Tax policy. How can the federal Tax code strengthen environmental policy and reduce security concerns in the area of Energy? The authors tackle such difficult problems as climate change, efficient Taxation of oil and gas, and optimal oil Tax policy in a world with OPEC oil producers dominating world oil supply. This volume presents a number of innovative policy suggestions backed by sophisticated and cutting-edge research carried out by leading scholars in the area of Energy Taxation.
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Energy Tax incentives and the alternative minimum Tax
National Tax Journal, 2008Co-Authors: Curtis Carlson, Gilbert E. MetcalfAbstract:We take a first look at limitations on the use of Energy–related Tax credits contained in the General Business Credit (GBC) due to limitations within the regular corporate income Tax as well as the AMT. Between 2000 and 2005, firms were unable to use all Energy–related Tax credits due to GBC limitations in the regular Tax. The AMT has a smaller but still pronounced impact on the ability of firms to use these credits. Finally, we provide some illustrative calculations to demonstrate how the AMT can lead to very different levelized costs of producing electricity from a wind power project.
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Energy Tax credits and residential conservation investment evidence from panel data
Journal of Public Economics, 1995Co-Authors: Kevin A. Hassett, Gilbert E. MetcalfAbstract:Using panel data on individual Tax returns and variation in state Tax policy, we measure the impact of government Tax policies to encourage residential conservation investment on the probability of making these investments. Unlike previous work, we account for unobserved heterogeneity in tastes for Energy-saving activities and its possible correlation with Tax policy at the state level. We find that controlling for unobserved heterogeneity is very important. Based on our preferred point estimate of the Tax price coefficient, a 10 percentage point change in the Tax price for Energy investment would lead to a 24 percent increase in the probability of making an investment.
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Energy Tax Credits and Residential Conservation Investment
1992Co-Authors: Kevin A. Hassett, Gilbert E. MetcalfAbstract:We model the decision to invest in residential Energy conservation capital as an irreversible investment in the face of price uncertainty. The irreversible nature of this investment means that there is a value to waiting to invest (an option value) which helps explain the low rate of conservation investment as a result of the residential Energy Tax credit. Simulations suggest that a Tax credit of the type implemented from 1978 through 1985 will not increase conservation investment significantly. We investigate the empirical evidence on the effectiveness of credits using data from a panel data set of roughly 38,000 individual Tax returns followed over a three year period from 1979-1981. Unlike previous work, we find that the Energy Tax credit is statistically significant in explaining the probability of investing. Our estimates suggest that increasing the federal credit by 10 percentage points would increase the percentage of households claiming the credit from 5.7% to 7.1%.
Salvatore Lazzari - One of the best experts on this subject based on the ideXlab platform.
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Energy Tax Policy: An Economic Analysis
2013Co-Authors: Salvatore LazzariAbstract:The report provides background on the theory and application of Tax policy as it relates to the Energy sector, particularly with respect to the theory of market failure in the Energy sector and the suggested policy remedies. This background provides a context for understanding how current or proposed Energy Tax policy may affect other policy objectives or be affected by such objectives.
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Energy Tax Policy: History and Current Issues
2008Co-Authors: Salvatore LazzariAbstract:This report discusses the history, current posture, and outlook for federal Energy Tax policy. It also discusses current Energy Tax proposals and major Energy Tax provisions enacted in the 109th Congress.
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Energy Tax Incentives in the 108th Congress: A Comparison of the House and Senate Versions of H.R. 6 and the Senate Finance Committee Amendment
2003Co-Authors: Salvatore LazzariAbstract:This report discusses Energy Taxes incentives, which have long been an integral component of this nation’s Energy policy. Efforts to significantly expand existing Energy Tax subsidies have been undertaken since the 106th Congress, but controversy over various non-Tax Energy policy provisions — corporate average fuel economy standards, the Alaskan National Wildlife Refuge, etc. — have helped stall the legislation.
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Energy Tax Policy
2003Co-Authors: Salvatore LazzariAbstract:Omnibus Energy legislation (H.R. 4) that is now in conference would expand Energy Tax incentives significantly. The House passed the bill on August 2, 2001, and the Senate approved its version April 25, 2002. Several Energy Tax issues are addressed in these bills: 1) Tax incentives to increase the supply of oil and gas, and the demand for coal; 2) Energy Tax issues relating to Energy conservation and Energy efficiency; 3) Energy Tax issues relating to alternative fuels; 4) selected issues relating to electricity restructuring; and 5) expiring Energy Tax provisions.
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Global Climate Change: The Energy Tax Incentives in the President's FY2000 Budget
1999Co-Authors: Salvatore LazzariAbstract:This report discusses the FY2000 budget, which includes several Energy Tax incentives intended to reduce greenhouse gasses linked to possible global warming.
Kevin A. Hassett - One of the best experts on this subject based on the ideXlab platform.
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Energy Tax credits and residential conservation investment evidence from panel data
Journal of Public Economics, 1995Co-Authors: Kevin A. Hassett, Gilbert E. MetcalfAbstract:Using panel data on individual Tax returns and variation in state Tax policy, we measure the impact of government Tax policies to encourage residential conservation investment on the probability of making these investments. Unlike previous work, we account for unobserved heterogeneity in tastes for Energy-saving activities and its possible correlation with Tax policy at the state level. We find that controlling for unobserved heterogeneity is very important. Based on our preferred point estimate of the Tax price coefficient, a 10 percentage point change in the Tax price for Energy investment would lead to a 24 percent increase in the probability of making an investment.
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Energy Tax Credits and Residential Conservation Investment
1992Co-Authors: Kevin A. Hassett, Gilbert E. MetcalfAbstract:We model the decision to invest in residential Energy conservation capital as an irreversible investment in the face of price uncertainty. The irreversible nature of this investment means that there is a value to waiting to invest (an option value) which helps explain the low rate of conservation investment as a result of the residential Energy Tax credit. Simulations suggest that a Tax credit of the type implemented from 1978 through 1985 will not increase conservation investment significantly. We investigate the empirical evidence on the effectiveness of credits using data from a panel data set of roughly 38,000 individual Tax returns followed over a three year period from 1979-1981. Unlike previous work, we find that the Energy Tax credit is statistically significant in explaining the probability of investing. Our estimates suggest that increasing the federal credit by 10 percentage points would increase the percentage of households claiming the credit from 5.7% to 7.1%.
Molly F Sherlock - One of the best experts on this subject based on the ideXlab platform.
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Energy Tax Policy: Issues in the 114th Congress
2015Co-Authors: Molly F Sherlock, Jeffrey M. StupakAbstract:This report begins by providing background on the economic rationale for Energy market interventions, highlighting various market failures. After identifying possible market failures in the production and consumption of Energy, possible interventions are discussed. The report concludes with an analysis of the current status of Energy Tax policy.
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Energy Tax Policy: Issues in the 113th Congress
2014Co-Authors: Molly F SherlockAbstract:This report discusses the Energy Tax policy that may also be considered as part of comprehensive Tax reform legislation in the 113th Congress. Also the report discusses a number of other Energy Tax incentives scheduled to expire at the end of 2013, including provisions to support building Energy efficiency and renewable fuels.
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Energy Tax policy historical perspectives on and current status of Energy Tax expenditures
2013Co-Authors: Molly F SherlockAbstract:This report examines how current revenue losses resulting from Energy Tax provisions compare to historical losses and provides a foundation for understanding how current Energy Tax policy evolved by providing a longitudinal perspective on Energy Tax policy and expenditures.
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Energy Tax Incentives: Measuring Value Across Different Types of Energy Resources
2012Co-Authors: Molly F SherlockAbstract:This report presents a comparison of the cost of Tax incentives associated with fossil and renewable Energy resources, relative to amount of Energy produced using each type of resource. The report also reviews other analyses that compare the cost of Energy Tax incentives relative to production, across different types of Energy technologies.
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Energy Tax Policy: Issues in the 112th Congress
2011Co-Authors: Molly F Sherlock, Margot L. Crandall-hollickAbstract:The economic rationale for interventions in Energy markets helps inform the debate surrounding Energy Tax policy. This report begins by providing background on the economic rationale for Energy market interventions, highlighting various market failures. After identifying possible market failures in the production and consumption of Energy, possible interventions are discussed. The report concludes with an analysis of Energy Tax policy as it stands at the start of the 112th Congress.
Xue Hui-feng - One of the best experts on this subject based on the ideXlab platform.
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A Sustainable Energy Tax Policy Decision Model Based on Investment Willingness Constraint
Computer Simulation, 2009Co-Authors: Xue Hui-fengAbstract:To increase the utilization efficiency of Energy resource and define the optimum Energy-saving target and the Tax rate implementation scheme of the Energy-saving target,this paper brings forward an analytical method of sustainable Energy Tax policy for Chinese transportation sector.The method is based on System Dynamics,and takes Energy price,interest rate,Energy Tax rate and Energy-saving marginal cost into consideration to find out how these factors influence the willingness of investment in Energy-saving program.The research indicates that the Energy Tax rates for transportation Energy will increase to 40% in 2011 from 28% in 2005 and reduce gradually to 33% in 2020,when the optimum Energy-saving target is set to reduce by 5% each year from 2005 to 2020.The gross transportation Energy consuming,the relative CO2 emission and the Tax-inclusive price of crude oil will increase to 321.8Mt,977.78Mt and 1533.99USD/t respectively in 2020 from 120Mt,364.57Mt and 611.78USD/t in 2005.The conclusion can guide the design of future finance and Tax policy of sustainable Energy.
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The Energy Tax Policy Decision-making Model Based on Marginal Cost Constraint
Systems Engineering, 2008Co-Authors: Xue Hui-fengAbstract:In recent years,Energy prices continue to be rising.To increase the efficiency of exploiting Energy resources and hit the target of implementing optimum Energy Tax rate scheme,this paper brings forward an analytical method of Tax policy research on sustainable Energy for Chinese transportation sector based on System Dynamics by taking Energy price,interest rate,Energy Tax rate and Energy-saving marginal cost into consideration,aiming at finding out how these factors influence the willingness to invest of Energy-saving program.The research indicates that the Energy Tax rates for transportation Energy consumption will increase to 41.2% in 2011 from 28% in 2005 and reduce gradually to 32.9% in 2020,considering the optimum Energy-saving target to reduce 5% each year from 2005 to 2020.The Tax-inclusive price of crude oil will increase to 1548.72USD/T in 2020.The gross transportation Energy consuming and relative CO2 emissions will increase to 319.6MT and 965.7MT. The conclusion will guide the design of future finance and Tax policy on sustainable Energy.