New Zealand

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):

40,438.6

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):

0.93

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):

1.32

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
(%):

78 News

Vangelis Vitalis, the Deputy Secretary of Trade and Economic Group

New Zealand’s Ministry of Foreign Affairs and Trade on phasing out fossil fuel subsidies

2019-12-04

New Zealand’s Ministry of Foreign Affairs and Trade launched a video on the “cheapest thing the world could do to reduce climate-change emissions” – phasing

New Zealand's PM rules out removing fuel tax

2018-10-23

16 October 2018 – Even though petrol prices skyrocket, New Zealand’s Prime Minister Jacinda Ardern is once again ruling out removing the fuel tax. She rejected

425 billion reasons for a change

2017-12-20

Every year, world governments spend a colossal sum to lower the price of fossil fuels. That doesn’t make sense. New Zealand is pressing for a new

Reports

Taxing Energy Use 2015 (OECD)

2017-05-05

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%

OECD-IEA inventory of fossil fuels and other support

2017-03-29

The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including

New Zealand

Country indicators

40,438.6

n/a

n/a

0.93

1.32

78

News

New Zealand’s Ministry of Foreign Affairs and Trade on phasing out fossil fuel subsidies

New Zealand's PM rules out removing fuel tax

425 billion reasons for a change

Reports

Taxing Energy Use 2015 (OECD)

OECD-IEA inventory of fossil fuels and other support

Policy Briefs

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