Brazil
Country indicators
Fossil fuel subsidies (USD, billions):
Fossil fuel subsidies with externalities (% of GDP):
News
Fiscal policies against climate change can help create 15 million jobs — IDB
The Inter-American Development Bank (IDB) is recommending that finance and planning ministries in Latin American and the Caribbean (LAC) consider fiscal policies to accelerate the transition to green economies and pave the way for the region to meet decarbonisation goals.
EU’s border tax gives countries 5 years to clean up industries or face penalties
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge the tax The European Union
3 essential steps towards ending fossil fuel subsidies
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
Reports
Beyond Fossil Fuels: Fiscal transition in BRICS (IISD 2019)
The BRICS—Brazil, Russia, India, China and South Africa—are both influencing and being influenced by global energy markets and the clean energy transition. This report by the IISD focuses on the
Green Industrial Policy: Concept, Policies, Country Experiences (UN Environment, DIE)
This joint publication by UN Environment and the German Development Institute/Deutsches Institut fĂĽr Entwicklungspolitik (DIE) illustrates how green industrial policy can be a driver for a green economy transformation and highlights the social,
Taxing Energy Use 2015 (OECD)
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% of global energy use. The