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This paper analyzes consumers' price elasticities of demand for fossil fuels, and how a reduction of fossil fuel subsidies can lead to important reduction in CO2 emissions for various groups of countries that have relatively high fossil fuel subsidies and notably on diesel, including the...
Persistent link: https://www.econbiz.de/10012959305
the likely distribution of gains and losses. The impacts of subsidy reform are transmitted to households through changes … countries. In this paper, we develop an analytical model of a small open economy with a preexisting fossil fuel subsidy and … identify direct and indirect impacts of subsidy reform on real household incomes. Our results, illustrated with data from Viet …
Persistent link: https://www.econbiz.de/10012911285
Fossil fuel subsidies are of enormous import to policy-makers and public opinion, making it critical to properly define them. However, traditional methodologies tend to place subsidies in the realm of tax expenditure analysis, presenting a flawed picture. A recent report on government subsidies...
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-Linkages model. Both models predict the expected decrease in CO2 emissions which is more pronounced in countries where the subsidy …
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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
Different reports including the broadly cited OECD fossil fuel subsidy inventory arrive at high monetary values of … Germany and Russia have similar subsidy levels in the OECD inventory, the national net carbon price in Germany is 50 €/tCO2 …
Persistent link: https://www.econbiz.de/10012518092