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):

8,340.3

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):

n/a

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

Asian Development Bank signals end to ‘dirty’ coal finance

2018-10-31

24.10.2018 – According to its energy chief, the Asian Development Bank (ADB) is making a decisive shift to clean energy. Coal plants are becoming unviable investments,

Pricing Reforms for Sustainable Water Use and Management in the Philippines

2018-02-05

The Philippines is endowed with abundant natural water features, including more than 400 rivers, 50 natural lakes and 100,000 hectares of freshwater swamps. In addition,

Philippine Parliament to approve bill imposing taxes on fuel

2017-05-19

18 May 2017 – The House of Representatives in the Philippines will soon approve a bill imposing a tax on diesel, kerosene, cooking gas and

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

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