Congressional Budget Office / by Terry Dinen
This afternoon I testified on federal financial support for fuels and energy technologies before the Subcommittee on Energy of the House Committee on Science, Space, and Technology. My testimony—discussed below—updates a CBO report from 2012 on the same topic.
Federal support for the development and production of fuels and energy technologies totals almost $20 billion in the current fiscal year. Tax preferences account for about 80 percent of that amount, and spending programs administered by the Department of Energy (DOE) account for the remaining 20 percent.