Fossil fuel subsidy reform has in recent years been addressed by international economic organizations including the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD). The
Conventional wisdom holds that, without environmental benefits and revenue recycling, fossil fuel subsidies removal would lead to welfare losses. This study by P. Wesseh Jr. and B. Lin first tests
This paper by D. Coady, I. Parry, L. Sears and B. Shang estimates fossil fuel subsidies and the economic and environmental benefits from reforming them. It mostly focuses on a
This paper by R. Sumaila, V. Lam, F. Le Manach, W. Swartz and D. Pauly published in Marine Policy aims to provides an updated estimate of global fisheries subsidies. It
This paper by Thomas Covert, Michael Greenstone and Christopher Knittel published in the Journal of Economic Perspectives suggests that technology-driven cost reductions in fossil fuels will lead us to continue
This IMF paper employs spreadsheet models to assess the environmental, fiscal, economic, and incidence effects of a wide range of options for reducing fossil fuel use in India. Ramping up
Carbon taxes are a critical regulatory mechanism for reducing greenhouse gas emissions. A carbon tax directly sets a price on emissions, either as an output tax on producers of fossil
10 May 2017 – The Second Annual High Level Assembly meeting of the Carbon Pricing Leadership Coalition (CPLC) was held in Washington DC on 20 April. At the meeting government
10 May 2017 – Harmful fishing subsidies that contribute to over-fishing are estimated to be as high as $35 billion according to fisheries experts from the United Nations Trade and
5 May 2017 – De Beers, the diamond unit of Anglo American, will attempt to capture carbon within the rock from which diamonds are extracted in order to offset its
… for more Green Fiscal Policy news!
Economy Division, Resources and Markets Branch, 11-13, Chemin des Anémones, 1219 Châtelaine, Geneva, Switzerland
700 19th Street, N.W., Washington, D.C. 20431, USA
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Friedrich-Ebert-Allee 36 + 40, 53113 Bonn, Germany