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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
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-Linkages model. Both models predict the expected decrease in CO2 emissions which is more pronounced in countries where the subsidy …
Persistent link: https://www.econbiz.de/10013047963
Persistent link: https://www.econbiz.de/10012796730
-distorting subsidies across sectors, the World Trade Organization (WTO) is an obvious candidate for advancing fossil fuel subsidy reform …) pledging subsidy reform and ensuring credible follow-up through reporting and review; (iv) adopting a political declaration …
Persistent link: https://www.econbiz.de/10012923687
context of fossil fuel subsidy reform. In view of climate change mitigation, the World Trade Organization (WTO) should … environmentally harmful fossil fuel subsidy: States that maintain dual-pricing policies are not incentivised to curb their CO2 …, the piece approaches dual pricing from the viewpoint of being a fossil fuel subsidy. The contribution explores avenues to …
Persistent link: https://www.econbiz.de/10012931636
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
Between 2005 and 2018, 41 countries had at least one riot directly associated with popular demand for fuel. We make use of a new international dataset on fuel riots to explore the effects of fuel prices and price regimes on fuel riots. In line with prior expectations, we find that large domestic...
Persistent link: https://www.econbiz.de/10012650759