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Environmentally harmful fossil fuel subsidies were notably absent from efforts to enhance the mutual supportiveness of trade and environment in the multilateral trading system. However, a combination of several factors has recently propelled the reform of such subsidies into prominence on the...
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The recent calls for the revival of the Oil Price Stabilization Fund (OPSF) are tantamount to a call for a policy reversal, that is, reversal of the downstream oil industry deregulation that began in 1998. The history of the OPSF presents important lessons for policymakers. Petroleum price...
Persistent link: https://www.econbiz.de/10013336166
potential resulting from removing fossil fuel subsidies and recycling part of the avoided subsidy and additional revenue from … up to 19.8% in 2050 compared to baseline scenario. We find that subsidy removal is most effective in reducing emissions … 2050, subsidy removal and carbon pricing hold promise in the toolbox of decarbonization options …
Persistent link: https://www.econbiz.de/10013301676
consumer support estimates in fact captures price gaps as market transfers to producers or consumers. Differences in subsidy … valuation arise from assumptions made to compensate for missing data and the scope of subsidy measurement. Having a common … countries and sectors, benchmarking pricing, and assessing subsidy policies. Subsidy measurement should not be viewed as a one …
Persistent link: https://www.econbiz.de/10012564371
affected the world's environment. This ecosystem services price subsidy had led to overuse and waste of the resource in the … world's ecosystems. Ironically, almost none of the literature on ecosystem services, including some of the groundbreaking … mechanism to internalize that value into the marketplace, either as a cost on the fossil fuel resource or a subsidy on renewable …
Persistent link: https://www.econbiz.de/10012753623
Given the commitment of G7 and G20 countries to the gradual elimination of fossil fuel subsidies and their advocacy for other nations to follow suit, this study examines the effects of such subsidies on firms' GHG emissions. Utilizing a dataset comprising 3,359 firms across seven countries in...
Persistent link: https://www.econbiz.de/10014450065
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
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