United Kingdom (UK)

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):

39,102.90

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):

0.01

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):

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):

1.50---

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):

2.257

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
(%):

News

Regenerative farming shift could reduce UK climate emissions, say experts

2021-08-13

Under new subsidy plans announced by his department, farmers will be offered up to £70 per hectare to take up regenerative techniques, including mixed farming systems where crops are cultivated alongside livestock to help boost soil health.

3 essential steps towards ending fossil fuel subsidies

2021-07-12

Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.

WTO Informal Dialogue Calls for Ministerial Declaration on Plastics

2021-07-05

The Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade currently has 16 co-sponsors. Ambassador Chad Blackman of Barbados, one of the Dialogue’s co-coordinators, said the 21 June discussions

Reports

Cutting Europe’s lifelines to coal – Tracking subsidies in 10 countries (ODI)

2017-05-15

This report by the Overseas Development Institute (ODI) reviews subsidies to coal in 10 countries that produce 84% of Europe’s energy-related greenhouse gas emissions: France, the Czech Republic, Germany, Greece,

Taxing Energy Use 2015 (OECD)

2017-05-05

This OECD report provides a systematic analysis of the structure and level of energy taxes in OECD and selected partner countries, which together cover 80% of global energy use. The

OECD-IEA inventory of fossil fuels and other support

2017-03-29

The OECD-IEA Inventory of Support Measures for Fossil Fuels provides updated fossil fuel support data for 34 OECD member countries and six partner countries, including a number of measures applied