Chile

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):

14,050.18

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):

n/a

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):

n/a

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):

3.59

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):

1.342

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
(%):

News

Latin America and Caribbean ‘failing to invest in sustainable post-Covid recovery’

2021-09-07

Environmentally sustainable post-COVID-19 spending in Latin America and the Caribbean lags behind the rest of the world, according to a new platform co-developed by the University of Oxford that showcases real-time data from 33 countries.

Fiscal policies against climate change can help create 15 million jobs — IDB

2021-07-19

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.

P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP

2021-06-14

P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response;

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

2021-07-19

Finance and planning ministries play a central role in promoting fiscal policies that generate more and better jobs with the transition to green economies. Adequate fiscal planning would help the decarbonization of the region’s economies create 15 million net new jobs by 2030.

Carbon Pricing in Latin America – Trends and Opportunities (SPDA & KAS)

2020-06-08

This Spanish publication by the Peruvian Society for Environmental Law (SPDA) and the Konrad Adenauer Foundation collects the contribution of more than 25 people fromm

In Chile, green tax on stationary sources raises US$188,3 million in 2018, and records a slight drop on revenue collection ability due to lower emissions

2019-04-30

In 2018, the 93 establishments subject to the green tax totaled payments of US$188,3 million. This amount corresponds to the valuation of the emissions reported

Policy Briefs

Chile – Country profile

2017-03-30

Background Chile’s steady growth and macroeconomic, as well as political, stability have made it one of the best performing economies in Latin America and the

Chile

Country indicators

News

Latin America and Caribbean ‘failing to invest in sustainable post-Covid recovery’

Fiscal policies against climate change can help create 15 million jobs — IDB

P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP

Reports

Política Fiscal y Cambio Climático: Experiencias Recientes de los Ministerios de Finanzas de América Latina y el Caribe (IDB)

Carbon Pricing in Latin America – Trends and Opportunities (SPDA & KAS)

In Chile, green tax on stationary sources raises US$188,3 million in 2018, and records a slight drop on revenue collection ability due to lower emissions

Policy Briefs

Chile – Country profile

Subscribe Now

UN Environment

International Monetary Fund

GIZ