Australia

Country indicators

GDP per capita - gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. (Source: World Bank)

GDP per capita
(USD):

49,628.8

Fossil fuel subsidies (USD, billions) - All consumer and producer pre-tax subsidies. Pre-tax consumer subsidies exist when energy consumers pay prices that are below the costs incurred to supply them with this energy. (Source: IMF)

Fossil fuel subsidies (USD, billions):

0.01

Fossil Fuel Subsidies as % of GDP - All consumer and producer pre-tax subsidies as percent of a country’s GDP. (Source: IMF)

Fossil fuel subsidies
(% of GDP):

0.01

Fossil Fuel Subsidies with externalities as % of GDP - All consumer and producer post-tax subsidies. Post-tax consumer subsidies exist if consumer prices for energy are below supply costs plus the efficient levels of taxation. (Source: IMF)

Fossil fuel subsidies with externalities (% of GDP):

1.86

Revenue from environmentally related taxes as % of GDP - All revenue from environmentally related taxes - defined as any compulsory, unrequited payment to general government levied on tax-bases deemed to be of particular environmental relevance – as percent of a country’s GDP. (Source: OECD)

Revenue from environmentally related taxes (% of GDP):

1.70

Carbon pricing gap - Measure of how much countries fall short of pricing carbon emissions in line with a EUR 60 benchmark value (midpoint estimate of the carbon costs in 2020 and a low-end estimate for 2030). The difference is presented as percentage: If the Effective Carbon Rate (ECR) on all emissions is at least as high as the benchmark, the gap is zero, and if the ECR is zero throughout, the gap is 100%. (Source: OECD)

Carbon Pricing Gap
(%):

79 News

Australia’s bushfires to cost the Government billions, but are there funding alternatives?

2020-01-10

On Monday, Australia’s prime minister Morrison announced the creation of a National Bushfire Recovery Agency, initially funded to the tune of USD 1.4 billion over

A Climate Dividend for Australians (UNSW)

2018-12-06

As part of the University of New South Wales (UNSW) Grand Challenge on Inequality, a study that offers a market-based approach to address climate change

Road Tax: Public support in Australia growing for user-pays model

2018-11-19

07.11.2018 – A recent study has shown people are concerned about what’s going to happen as income from the fuel excise diminishes. According to a survey,

Reports

Remarkably adaptive: Australian cities in a time of growth (Grattan Institute)

2018-11-08

According to a new report by the Grattan Institute, Australian cities are seizing up and no amount of new roads and rail lines is going

Taxing Energy Use 2015 (OECD)

2017-05-05

This OECD report provides a systematic analysis of the structure and level of energy taxes in OECD and selected partner countries, which together cover 80%

OECD-IEA inventory of fossil fuels and other support

2017-03-29

The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including

Australia

Country indicators

49,628.8

0.01

0.01

1.86

1.70

79

News

Australia’s bushfires to cost the Government billions, but are there funding alternatives?

A Climate Dividend for Australians (UNSW)

Road Tax: Public support in Australia growing for user-pays model

Reports

Remarkably adaptive: Australian cities in a time of growth (Grattan Institute)

Taxing Energy Use 2015 (OECD)

OECD-IEA inventory of fossil fuels and other support

Policy Briefs

Subscribe Now...

UN Environment

International Monetary Fund

GIZ