Appendix I GAO Background • President's budget requested $6.3 billion over the next 5 years (1999-2003) for Climate Change Technology Initiative (CCTI). - R&D and deployment of energy efficiency, renewable energy, and carbon reduction technologies ($2.7 billion). - Tax incentives ($3.6 billion). - Department of Energy (DOE) expected to implement largest portion of R&D for CCTI. Appendix I GAO Objectives • Provide information on how DOE plans to alter its climate change R&D spending from 1998 to 1999. • Provide observations regarding R&D Appendix I GAO Results in Brief • DOE proposes over $1 billion for R&D to Approximately $729 million has been • Almost all CCTI dollars are to be Concept is to accelerate technology-- Appendix I GAO Results in Brief • Prior to funding proposed increase, the Congress may want to consider five themes from GAO's previous work: • Would private sector do the research? • Will consumers buy the product? • Do benefits exceed costs? • Have efforts been coordinated? • Have implementation concerns been addressed? |