A key challenge facing many resource-rich low- and middle-income economies is how to mobilize and effectively use volatile revenues from resource extraction, while addressing the social and environmental externalities of mining activities, such as groundwater contamination, acid mine drainage, and methane leaks from oil and gas operations. Green fiscal policies have the potential to raise revenue from the extractives sector while addressing its negative impacts.
The study “Measuring Fossil Fuel Subsidies in the Context of the Sustainable Development Goals” has been prepared by the United Nations Environment Programme (UNEP) in close collaboration with the International
The Extractives Hub is a comprehensive online library of information and resources on the management and governance of the extractives sector, including resources and case studies on Climate Change and Extractives; Fiscal
Senegal is likely to become a significant oil and gas producer by the start of the next decade. These resources can be an important driver of economic growth as the
8 February 2018 – Ending financial assistance for fossil fuel companies has long been discussed as a tactic to reduce greenhouse gas emissions and encourage investment in renewables. Oil, natural gas
Hopes are high that removing fossil fuel subsidies could help to mitigate climate change by discouraging inefficient energy consumption and levelling the playing field for renewable energy. In September 2016,
From mid-2014 Kuwait has experienced a substantial drop in its oil export price and, consequently, government revenue, causing a severe fiscal deficit and impaired economic performance. Cutting energy subsidies has
In a world of low commodity prices the potential for conflict between hydrocarbon producers and governments over tax revenues is exacerbated. In Russia this is even more true because the
Understanding how subsidies affect fossil-fuel investment returns and production is crucial to commencing new reforms. New analysis on the impact of subsidies on US crude-oil producers finds that, at recent oil
16 October 2017 – For years, China has been using subsidies and taxation to build its solar power equipment industries – and as a result, it dominates world markets. Now
This guidebook supports countries who intend to undertake self- or peer review of fossil fuel subsidies by clearly explaining the different elements of a review and providing case studies as
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