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):
37,922.24
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):
1.304
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
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 the notion that reducing the
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 solution to this global challenge,
Ardern calls for end on subsidies of fossil fuels
2017-11-20
10 November 2017 – New Zealand Prime Minister Jacinda Ardern called for an end to subsidies for fossil fuels at the APEC CEO’s Summit. Ardern has frequently described climate change