Romania
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):
11,664.85
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):
6.5
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):
2.23
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
Despite strong carbon prices, the EU is still on track for a 4 degree Celsius temperature rise
2018-10-31
23.10.2018 – Global asset manager Schroders launched its Climate Progress Dashboard in 2017 predicting the EU is on path for a temperature rise of 4°C.Despite the bright spark of strong carbon
Environmental taxes in the EU
2017-04-10
5 April 2017 –Â Government revenues from environmental taxes amounted to EUR 359.3 billion in 2015 among European Union countries. The highest share of environmental taxes was in Croatia, while
Reforming environmentally harmful subsidies for a resource efficient Europe (IEEP, IVM, Ecologic, VITO)
2015-11-23
This study for the European Commission (DG Environment) identifies and examines cases of environmentally harmful subsidies (EHS) across a range of environmental sectors and issues in EU Member States. The study also analyses examples