This paper provides a comprehensive, updated picture of energy subsidies at the global and regional levels. It focuses on the broad notion of post-tax energy subsidies, which arise when consumer prices are below supply costs plus a tax to reflect environmental damage and an additional tax applied to all consumption goods to raise government revenues. Post-tax energy subsidies are dramatically higher than previously estimated and are projected to remain high. These subsidies primarily reflect underpricing from a domestic (rather than global) perspective, so that unilateral price reform is in countries’ own interests. The potential fiscal, environmental, and welfare impacts of energy subsidy reform are substantial.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/how-large-are-global-energy-subsidies
[2] http://admin.indiaenvironmentportal.org.in/category/author/david-coady
[3] http://admin.indiaenvironmentportal.org.in/category/author/ian-parry
[4] http://admin.indiaenvironmentportal.org.in/category/author/louis-sears
[5] http://admin.indiaenvironmentportal.org.in/category/author/baoping-shang
[6] http://admin.indiaenvironmentportal.org.in/category/publisher/international-monetary-fund
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/emission-targets
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
