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How Large Are Global Energy Subsidies Book PDF Summary

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.

Detail Book of How Large Are Global Energy Subsidies PDF

How Large Are Global Energy Subsidies
  • Author : Mr.David Coady
  • Release : 18 May 2015
  • Publisher : International Monetary Fund
  • ISBN : 9781513532196
  • Genre : Business & Economics
  • Total Page : 42 pages
  • Language : English
  • PDF File Size : 13,8 Mb

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