The Philippines

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):

2,980.02

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):

3.65

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):

0.376

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

‘Green recovery’ from COVID-19 pushed at CEO summit

2021-09-21

Business leaders pushed for a ‘greener’ economic recovery from the COVID-19 pandemic as they warned about the impact of the climate crisis is an “even greater emergency.”

Southeast Asia could lose $28 trillion if it fails to act fast on climate change, report finds

2021-09-07

Southeast Asia’s economy is set to lose trillions over the next 50 years if it does not significantly reduce its carbon emissions, a Deloitte report found.

How Asean’s Covid-19 recovery measures are missing opportunities for a green future

2021-07-26

Few countries in the region have tied green components to their stimulus packages, which contain some environmentally harmful measures. Green recovery policies and strategies can help put a country on the path to economic recovery while bringing environmental and sustainability benefits.

Reports

Power Trip: Southeast Asia’s journey to a low carbon economy (Eco-Business)

2018-11-08

According to this report by Eco-Business, insufficient regulation and fossil fuel subsidies are holding back Southeast Asia’s transition to a low carbon economy. The report outlines the challenges and potential

Lessons Learned: Fossil Fuel Subsidies and Energy Sector Reform in the Philippines (GSI)

2017-04-10

This report by the Global Subsidies Initiative examines how the Philippines has managed to reform fossil fuel subsidies, develop a national social safety net and invest in renewable energy. While

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

The Philippines

Country indicators

News

‘Green recovery’ from COVID-19 pushed at CEO summit

Southeast Asia could lose $28 trillion if it fails to act fast on climate change, report finds

How Asean’s Covid-19 recovery measures are missing opportunities for a green future

Reports

Power Trip: Southeast Asia’s journey to a low carbon economy (Eco-Business)

Lessons Learned: Fossil Fuel Subsidies and Energy Sector Reform in the Philippines (GSI)

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

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