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Author/Editor:
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David Coady ; Ian W.H. Parry ; Louis Sears ; Baoping Shang
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Publication Date:
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May 18, 2015
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Electronic Access:
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Free Full text
(PDF file size is 817KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper provides a comprehensive, updated picture of energy subsidies at the global and
regional levels. It focuses on the broad notion of post-tax energy subsidies, which arise when
consumer prices are below supply costs plus a tax to reflect environmental damage and an
additional tax applied to all consumption goods to raise government revenues. Post-tax
energy subsidies are dramatically higher than previously estimated, and are projected to
remain high. These subsidies primarily reflect under-pricing from a domestic (rather than
global) perspective, so even unilateral price reform is in countries’ own interests. The
potential fiscal, environmental and welfare impacts of energy subsidy reform are substantial.
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Order a print copy
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Series:
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Working Paper No. 15/105
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Subject(s):
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Energy sector | Subsidies | Energy prices | Consumption taxes | Fiscal reforms | Sensitivity analysis
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English
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Publication Date:
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May 18, 2015
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ISBN/ISSN:
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9781513532196/1018-5941
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Format:
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Paper
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Stock No:
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WPIEA2015105
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Pages:
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42
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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