China

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):

8,405.18

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):

29.68

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):

0.25

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):

14.92

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):

0.9

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

3 essential steps towards ending fossil fuel subsidies

2021-07-12

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.

China to launch carbon trading for electricity sector in July

2021-07-12

China will launch a nationwide carbon emissions trading scheme for the electricity sector in July, the cabinet said on 7 July. The launch of the scheme aims to control and

WTO Informal Dialogue Calls for Ministerial Declaration on Plastics

2021-07-05

The Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade currently has 16 co-sponsors. Ambassador Chad Blackman of Barbados, one of the Dialogue’s co-coordinators, said the 21 June discussions

Reports

G20 peer review of inefficient fossil fuel subsidies in China and the US (G20)

2016-11-13

In December 2013, China and the United States announced that they would undertake a reciprocal peer review of their fossil-fuel subsidies under the auspices of the G20. These peer reviews were

Subsidies to Coal Production in China (IISD)

2016-03-07

This report by the International Institute for Sustainable Development (IISD) examines subsidies to coal production in China, identifying an estimated USD 5.8 billion in government support in 2013. Major subsidies included in the assessment

Green Revenues for Green Energy: Environmental fiscal reform for renewable energy technology deployment in China (IISD and CNREC)

2016-03-07

This report by the China National Renewable Energy Centre (CNREC) and the International Institute for Sustainable Development (IISD) reviews international experience in the use of environmental fiscal reform (EFR) and

China

Country indicators

News

3 essential steps towards ending fossil fuel subsidies

China to launch carbon trading for electricity sector in July

WTO Informal Dialogue Calls for Ministerial Declaration on Plastics

Reports

G20 peer review of inefficient fossil fuel subsidies in China and the US (G20)

Subsidies to Coal Production in China (IISD)

Green Revenues for Green Energy: Environmental fiscal reform for renewable energy technology deployment in China (IISD and CNREC)

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