Energy Budget, Initiatives and Incentives
An incentive resulting from US energy policy is a factor that provides motive for a specific course of action regarding the use of energy. In the U.S. most energy policy incentives take the form of financial incentives. Examples of these include tax breaks, tax reductions, tax exemptions, rebates, loans and specific funding. Throughout US history there have been many incentives created through U.S. energy policy. Most recently the Energy Policy Act of 2005, Energy Independence and Security Act of 2007, and Emergency Economic Stabilization Act of 2008, each promote various energy efficiency improvements and encourage development of specific energy sources. U.S. Energy policy incentives can serve as a strategic manner to develop certain industries that plan to reduce America’s dependence on foreign petroleum products and create jobs and industries that boost the national economy. The ability to do this depends upon which industries and products the government chooses to subsidize.
Read more about this topic: Energy Policy Of The United States
Famous quotes containing the words energy, initiatives and/or incentives:
“Children are intensely invested in getting their way. They will devote more emotional and intellectual energy to winning arguments than parents ever will, and are almost always better rested.”
—Jean Callahan (20th century)
“It is well known, that the best productions of the best human intellects, are generally regarded by those intellects as mere immature freshman exercises, wholly worthless in themselves, except as initiatives for entering the great University of God after death.”
—Herman Melville (1819–1891)
“Perestroika basically is creating material incentives for the individual. Some of the comrades deny that, but I can’t see it any other way. In that sense human nature kinda goes backwards. It’s a step backwards. You have to realize the people weren’t quite ready for a socialist production system.”
—Gus Hall (b. 1910)