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This report draws on more than 1 300 government budgetary transfers and tax expenditures providing preferential treatment for the production and consumption of fossil fuels as documented in the 2020 OECD Inventory of Support Measures for Fossil Fuels to track progress in reform of support. It...
Persistent link: https://www.econbiz.de/10012512125
This database refers to the OECD Inventory of Support Measures for Fossil Fuels, taking stock of almost 800 spending programmes and tax breaks used by governments in OECD countries and key emerging G20 economies (Brazil, China, Colombia, India, Indonesia, Russia and South Africa) to encourage...
Persistent link: https://www.econbiz.de/10013538127
Despite commitments to scale up and speed up climate action, the fiscal cost of government support for fossil fuels almost doubled in 2022 to reach more than USD 1.4 trillion as governments across the OECD and partner countries introduced substantial initiatives to mitigate high energy costs on...
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Reform of support for fossil fuels is often identified as a priority for a country’s fiscal consolidation efforts and for climate action to align financial flows with low-carbon pathways. Its implementation, however, remains elusive for many countries as they face seemingly irreconcilable...
Persistent link: https://www.econbiz.de/10012422676
This report is concerned with policies that directly support the production or consumption of fossil fuels in OECD countries and in a selection of partner economies. It provides a useful complement to the online OECD database that identifies and estimates direct budgetary transfers and tax...
Persistent link: https://www.econbiz.de/10012451968
The aim of the article is to present a review of the literature on energy subsidies and the scale and structure of subsidies for energy production in the Visegrad Group countries. It also presents the most important results of an investigation into the relationship and impact of fossil fuel...
Persistent link: https://www.econbiz.de/10014339796
can use a high subsidy to reduce or even avoid potentially stranded assets in the next period. With endogenous reelection …
Persistent link: https://www.econbiz.de/10014486660
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