Malaysia
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):
11,637.35
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):
4.08
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):
1.31
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):
14.29
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):
0.202
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 (%):
n/a
News
Don’t criticize petrol subsidy for the sake of it, says Malaysian minister of Domestic Trade and Consumer Affairs
2018-11-19
07.11.2018 –Â The Malaysian Domestic Trade and Consumer Affairs Minister is calling to stop criticizing the implementation of a new multi-tiered petrol subsidy system and instead to focus on ways to
Malaysia states to charge for plastic bags by 2021
2018-10-23
17 October 2018 – The Malaysian federal government wants all states to begin imposing a pollution charge on plastic bags used in hypermarkets, chain stores and restaurants within three years from
Lessons Learned: Malaysia’s 2013 Fuel Subsidy Reform (GSI)
2017-04-21
On 2 September 2013, Malaysia’s Prime Minister Datuk Seri Najib Razak announced that the price of diesel and RON95 gasoline would increase by 20 sen (US$ 0.06) overnight, and that