Financial Incentives for Energy Efficiency
Statement of Edward R. Osann, President Potomac Resources Inc. Regarding Tax Policy Recommendations in "Sensible Energy Policies for Our Growing Economy," by the Sustainable Energy Coalition
The report being released today contains a number of recommendations for adjustments to federal tax policy. These are primarily laid out on pages 46 through 56 of the report. Taken together, these initiatives would:
Encourage rapid development of clean renewable sources of energy;
Spur investment in new energy efficient technology; and
Washington, D.C. — The World Bank and the government of Brazil signed a landmark $43 million energy efficiency loan on December 5, 2000. The loan is accompanied by a $15 million grant from the Global Environmental Facility. The loan and grant will be matched with $67 million in local funding for a total of $125 million to be devoted to electricity conservation efforts in Brazil over four years.