How Large Are Global Energy Subsidies?

Author:   David Coady (University of Tasmania) ,  Ian W H Parry
Publisher:   International Monetary Fund
ISBN:  

9781513555843


Pages:   43
Publication Date:   18 May 2015
Format:   Electronic book text
Availability:   In stock   Availability explained
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How Large Are Global Energy Subsidies?


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Overview

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 under-pricing from a domestic (rather than global) perspective, so even unilateral price reform is in countries own interests. The potential fiscal, environmental and welfare impacts of energy subsidy reform are substantial.

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Author:   David Coady (University of Tasmania) ,  Ian W H Parry
Publisher:   International Monetary Fund
Imprint:   International Monetary Fund
ISBN:  

9781513555843


ISBN 10:   1513555847
Pages:   43
Publication Date:   18 May 2015
Audience:   General/trade ,  General
Format:   Electronic book text
Publisher's Status:   Active
Availability:   In stock   Availability explained
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.

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