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How large are global energy subsidies?

Author: David Coady; International Monetary Fund. Fiscal Affairs Department.
Publisher: [Washington, D.C.] : International Monetary Fund, ©2015.
Series: IMF working paper, WP/15/105.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
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  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David Coady; International Monetary Fund. Fiscal Affairs Department.
ISBN: 9781513555843 1513555847
OCLC Number: 909422136
Notes: "Prepared by David Coady, Ian Parry, Louis Sears, and Baoping Shang."
"May 2015."
"Fiscal Affairs Department."
Description: 1 online resource (42 pages) : illustrations (chiefly color).
Series Title: IMF working paper, WP/15/105.
Responsibility: prepared by David Coady [and others].

Abstract:

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.--Abstract.

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