This working paper is written by Gaofeng Han (Hong Kong Institute for Monetary and Financial Research) and Alfred Wong (Hong Kong Institute for Monetary and Financial Research).This paper studies the relationship between carbon emissions, energy consumption and economic activity in Hong Kong. We...

This paper estimates fossil fuel subsidies and the economic and environmental benefits from reforming them, focusing mostly on a broad notion of subsidies arising when consumer prices are below supply costs plus environmental costs and general consumption taxes. Subsidies are $4.9 trillion...