Energy Markets

Energy Markets Synopsis

This book provides an analysis of direct federal financial interventions and subsidies in energy markets with a focus on subsidies to electricity production. The majority of energy produced in the United States is derived from fossil fuels. In recent years, however, revenue losses associated with tax incentives that benefit renewables have exceeded revenue losses associated with tax incentives benefiting fossil fuels. As Congress evaluates the tax code and various energy tax incentives, there has been interest in understanding how energy tax benefits under the current tax system are distributed across different domestic energy resources.