Peru

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):

5,685.37

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):

0.91---

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):

0.452

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

Just Launched: COVID-19 Recovery Tracker for Latin America and the Caribbean

2021-06-11

This tool tracks COVID-19 related fiscal spending policies announced by the 33 Latin America and Caribbean countries, updated every week. The LAC Recovery Tracker brings transparency to regional government spending

Peru and Switzerland sign ‘world’s first’ carbon offset deal under the Paris Agreement (Climate Change News)

2020-10-26

In an agreement that took two years to negotiate, Peru will get finance for sustainable development projects while Switzerland takes credit for the emissions cuts. Switzerland has struck a carbon offsetting agreement

A Guidebook to Reviews of Fossil Fuel Subsidies: From self-reports to peer learning (GSI)

2017-09-22

This guidebook supports countries who intend to undertake self- or peer review of fossil fuel subsidies by clearly explaining the different elements of a review and providing case studies as

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 all over Latin America on

Learning from Leaders: Nordic and International Best Practice with Fossil Fuel Subsidy Reform (Nordic Council of Ministers)

2016-11-13

If we aim to reduce global emissions in order to limit global warming to less than 2°C above pre-industrial levels, then the energy sector is of paramount importance. A critical

Policy Briefs

Public Environmental Expenditure Review in Peru 2008-2013 (IDB)

2017-10-23

Between 2005 and 2013, Peru experienced above-average economic growth compared to other countries in Latin America and the Caribbean. This process of development has led to widespread pressure on the

Peru – Country profile

2017-03-30

Background Peru is one of the best performing Latin American states in economic terms. In 2013, GDP grew by 5.1%. However, economic growth has put a strain on natural resources

Peru

Country indicators

News

Just Launched: COVID-19 Recovery Tracker for Latin America and the Caribbean

Peru and Switzerland sign ‘world’s first’ carbon offset deal under the Paris Agreement (Climate Change News)

A Guidebook to Reviews of Fossil Fuel Subsidies: From self-reports to peer learning (GSI)

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)

Learning from Leaders: Nordic and International Best Practice with Fossil Fuel Subsidy Reform (Nordic Council of Ministers)

Policy Briefs

Public Environmental Expenditure Review in Peru 2008-2013 (IDB)

Peru – Country profile

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