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Numbers may not add up to totals because of rounding. All years are fiscal years unless noted otherwise. |
This Congressional Budget Office (CBO) memorandum was prepared at the request of the Senate Committee on the Budget to document current U.S. efforts in the area of global climate change and to review current federal spending programs and tax policies that relate to climate change. The memorandum also describes proposals contained in the President's 1999 budget for funding for those programs and several new tax policies. It should be helpful to policymakers as they consider options to respond to international proposals for reducing the threat of climate change. In accordance with CBO's mandate to provide objective and impartial analysis, the memorandum contains no recommendations.
Roger Hitchner, Patrice Gordon, and Lesley Frymier of the Natural Resources and Commerce Division and Pearl Richardson of the Tax Analysis Division prepared this memorandum under the supervision of Jan Paul Acton and Frank Sammartino. Perry Beider, Kim Cawley, Kathy Gramp, David Moore, Diane Lim Rogers, and Natalie Tawil, all of CBO, provided useful comments. Melissa Burman edited the manuscript, and Sherry Snyder proofread it. Angela Z. McCollough and Rae Wiseman prepared the memorandum for publication. Laurie Brown prepared the electronic version for CBO's World Wide Web site (http://www.cbo.gov).
June E. O'Neill
Director
August 1998
I - CLIMATE CHANGE: THE POLICY CHALLENGE AND CURRENT PROGRAMS
II - CURRENT AND PROPOSED SPENDING PROGRAMS AND TAX POLICIES DIRECTLY LINKED TO CLIMATE CHANGE
III - OTHER FEDERAL SPENDING PROGRAMS AND TAX POLICIES ASSOCIATED WITH CLIMATE CHANGE
| TABLES | |
| 1. | Federal Programs Directly Related to Global Climate Change or Associated with Climate Change |
| 2. | Funding for the U.S. Global Change Research Program |
| 3. | Funding for Programs in the Climate Change Technology Initiative |
| 4. | Funding for International Programs Directly Related to Global Change |
| 5. | Estimates of Revenue Losses from Proposals for Energy and Environmental Tax Incentives in the Administration's 1999 Budget |
| 6. | Funding for Federal Programs Associated with Climate Change |
| 7. | Estimates of Tax Expenditures from Preferences That Discourage Reliance on Fossil Fuels |
| 8. | Estimates of Receipts from Excise Taxes and Fees That May Reduce the Use of Fossil Fuels |
| 9. | Estimates of Revenues from Proposals for Increases in Excise Taxes Related to Energy and the Environment in the Administration's 1999 Budget |
| 10. | Estimates of Tax Expenditures from Preferences to Increase Domestic Production of Fossil Fuels and Reduce Reliance on Imports |
