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

Biden Subsidies For Liquid Natural Gas Could Doom International Climate Goals

2021-06-28

The proposals would offer fossil fuel companies cash to build out carbon capture technology, propping up the liquid natural gas industry.

How to win over those who will lose most from a global carbon tax

2021-06-28

Those who bear a disproportionate share of a carbon tax will mobilise against it … unless they are given reason not to In his classic book, The Logic of Collective Action,

Biden’s Bipartisan Infrastructure Deal Omits Big Climate Measures

2021-06-28

Democrats hope to include climate and clean energy in a second bill. It could be Biden’s last chance to pass major global warming legislation. A deal reached Thursday between President

Reports

Sustaining Fuel Subsidy Reform (CFR)

2017-07-12

Economists widely agree that the subsidies, which reduce consumer prices for petroleum and natural gas below free-market prices, often strain government budgets, fail to target poverty efficiently, and distribute benefits

Putting a Price on Carbon: Reducing Emissions (WRI)

2017-07-12

This World Resource Institute (WRI) report describes how a national price on carbon would reduce emissions across key sectors of the US economy, including empirical evidence and real world case

At the Crossroads: Balancing the financial and social costs of coal transition in China (GSI)

2017-07-12

This report by the Global Subsidies Initiative (GSI) examines the current status of the coal transition in Shanxi and proposes how reform can be managed to ensure that economic, social

United States

Country indicators

News

Biden Subsidies For Liquid Natural Gas Could Doom International Climate Goals

How to win over those who will lose most from a global carbon tax

Biden’s Bipartisan Infrastructure Deal Omits Big Climate Measures

Reports

Sustaining Fuel Subsidy Reform (CFR)

Putting a Price on Carbon: Reducing Emissions (WRI)

At the Crossroads: Balancing the financial and social costs of coal transition in China (GSI)

Policy Briefs

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