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Author: Ronan Sampson Publisher: Nova Science Publishers ISBN: 9781624171161 Category : Clean energy industries Languages : en Pages : 0
Book Description
The federal government has a number of policy tools available to encourage the development and deployment of innovative clean energy technologies. Some of these policy tools include: clean energy mandates, carbon taxes, carbon cap and trade, environmental regulations, loan guarantees, grants, and tax expenditures. In 2005 and 2009, Congress passed legislation that provided loan guarantee authority to the Department of Energy (DOE) for innovative clean energy technologies and clean energy projects. In 2011, the high-profile bankruptcy, and subsequent loan default, of Solyndra resulted in a congressional investigation and subjected DOE's loan guarantee program to a high degree of scrutiny. This book provides analysis of goals for and concerns about the use of loan guarantees as a mechanism to support the deployment of innovative clean energy technologies.
Author: Ronan Sampson Publisher: Nova Science Publishers ISBN: 9781624171161 Category : Clean energy industries Languages : en Pages : 0
Book Description
The federal government has a number of policy tools available to encourage the development and deployment of innovative clean energy technologies. Some of these policy tools include: clean energy mandates, carbon taxes, carbon cap and trade, environmental regulations, loan guarantees, grants, and tax expenditures. In 2005 and 2009, Congress passed legislation that provided loan guarantee authority to the Department of Energy (DOE) for innovative clean energy technologies and clean energy projects. In 2011, the high-profile bankruptcy, and subsequent loan default, of Solyndra resulted in a congressional investigation and subjected DOE's loan guarantee program to a high degree of scrutiny. This book provides analysis of goals for and concerns about the use of loan guarantees as a mechanism to support the deployment of innovative clean energy technologies.
Author: United States. Congress. Senate. Committee on Energy and Natural Resources Publisher: ISBN: Category : Business & Economics Languages : en Pages : 120
Author: United States. Congress. Senate. Committee on Energy and Natural Resources Publisher: ISBN: Category : Biomass energy Languages : en Pages : 88
Author: Wendy Kiska Publisher: ISBN: Category : Government lending Languages : en Pages : 44
Book Description
And introduction -- Overview of DOE's loan guarantee program -- Comparing budgetary and fair-value costs -- Illustrative guarantee costs and sensitivity analysis -- Appendix A : The federal government's role in nuclear power and a historical overview of industry performance -- Appendix B : Applications for the Department of Energy's loan guarantee program -- Appendix C : Calculating the value of a loan guarantee.
Author: Subcommittee on Energy & Subcommittee on Publisher: Createspace Independent Publishing Platform ISBN: 9781546634966 Category : Languages : en Pages : 118
Book Description
Established by the Energy Policy Act of 2005, the Department of Energy's loan guarantee program was designed to give federal support to risky, innovative, clean energy technology. Under a federal loan guarantee, instead of the private sector taking on risk to fund the scaleup of new technology, the government steps in, risking federal dollars on the hopes for success of these energy projects. Through the section 1703 and 1705 programs, the Department guaranteed loans to 30 energy companies, putting about $28 billion of taxpayer money on the line. Easy money combined with political pressure to issue loans before the temporary subsidy program expired led the DOE to rush loan applications. Both the DOE Inspector General and the Government Accountability Office found that DOE did not have the necessary expertise or the metrics to effectively evaluate these loans. A number of companies that received section 1705 loans went into default. In total, over $800 million in taxpayer money has been wasted by this DOE loan program. The GAO estimates that the cost for the current loan guarantees is $2.2 billion. Supporters argue the cost is justified if we can help innovative technologies make the leap to the commercial market. But what if federal meddling in the market actually hurts innovation?
Author: United States. Congress. House. Committee on Science and Technology. Subcommittee on Energy Research, Development, and Demonstration Publisher: ISBN: Category : Loans Languages : en Pages : 776
Author: United States. Congress. Senate. Committee on Energy and Natural Resources Publisher: ISBN: Category : Clean energy industries Languages : en Pages : 60
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality Publisher: ISBN: Category : Biomass energy Languages : en Pages : 96
Author: Frank Russo Publisher: DIANE Publishing ISBN: 1437907717 Category : Science Languages : en Pages : 67
Book Description
Title XVII of the Energy Policy Act of 2005 established DoE¿s loan guarantee program (LGP) for innovative energy projects that should decrease air pollutants or greenhouse gases and that have a reasonable prospect of repayment. For FY 2008 and 2009, Congress authorized the use of borrower fees to pay the costs of loan guarantees; DoE will limit loan guarantees to $38.5 billion. Congress mandated this review of DoE¿s progress in assessing progress in: (1) issuing final regulations; and (2) taking actions to help ensure that the program is managed effectively and to maintain accountability. Also assessed how inherent risks due to the nature of the LGP may affect DoE¿s ability to achieve intended program outcomes. Includes recommendations. Illus.
Author: Ronan Sampson
Author: Ronan Sampson
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Author: Wendy Kiska
Author: Subcommittee on Energy & Subcommittee on
Author: United States. Congress. House. Committee on Science and Technology. Subcommittee on Energy Research, Development, and Demonstration
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Author: United States. General Accounting Office
Author: United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Air Quality
Author: Frank Russo