United States

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):

53,748.97

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):

1.09

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):

0.01

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):

3.48--

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):

0.719

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

G20 recognizes carbon pricing as climate change tool for first time

2021-07-12

G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.

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.

Carbon border adjustment mechanisms: Will innovative climate policy launch a trade war?

2021-07-05

There is growing attention on the concept of carbon border adjustment mechanisms (CBAMs), a hypothetical form of trade restriction intended to deal with “carbon leakage”: the expectation that aggressive mitigation

Reports

Achieving U.S. Emissions Targets with a Carbon Tax

2018-06-25

This report by the World Resources Institute (WRI) provides insights on how incorporating a emissions target mechanism into a strong national carbon tax can help ensure intended emission cuts are

The Next Big Thing in Carbon Markets? RGGI to Implement an Emissions Containment Reserve (Resources)

2017-10-13

As the first cap-and-trade program in North America, the Regional Greenhouse Gas Initiative (RGGI) has had an outsized influence on the design of similar programs worldwide. The Initiative is a market-based

Effect of subsidies to fossil fuel companies on United States crude oil production (Nature Energy)

2017-10-04

Countries in the G20 have committed to phase out ‘inefficient’ fossil fuel subsidies. However, there remains a limited understanding of how subsidy removal would affect fossil fuel investment returns and production,

United States

Country indicators

News

G20 recognizes carbon pricing as climate change tool for first time

3 essential steps towards ending fossil fuel subsidies

Carbon border adjustment mechanisms: Will innovative climate policy launch a trade war?

Reports

Achieving U.S. Emissions Targets with a Carbon Tax

The Next Big Thing in Carbon Markets? RGGI to Implement an Emissions Containment Reserve (Resources)

Effect of subsidies to fossil fuel companies on United States crude oil production (Nature Energy)

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