## Getting Energy Prices Right: From Principle to Practice

_Books, July 22, 2014_

## Source details

**Canonical URL:** [Getting Energy Prices Right: From Principle to Practice](https://www.imf.org/en/publications/books/issues/2016/12/31/getting-energy-prices-right-from-principle-to-practice-41345)

## Other formats

- [Markdown version](/en/publications/books/issues/2016/12/31/getting-energy-prices-right-from-principle-to-practice-41345/index.md)
- [Structured JSON version](/en/publications/books/issues/2016/12/31/getting-energy-prices-right-from-principle-to-practice-41345/index.json)
- [Bundle manifest](/en/publications/books/issues/2016/12/31/getting-energy-prices-right-from-principle-to-practice-41345/bundle-manifest.json)

## Bibliographic details
- Authors: Ian W.H. Parry, Dirk Heine, Eliza Lis, Shanjun Li
- Published: July 22, 2014
- Series: Books
- DOI: https://doi.org/10.5089/9781484388570.071

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### Overview
- Authors: Ian W.H. Parry, Dirk Heine, Eliza Lis, Shanjun Li
- Publication date: July 22, 2014
- Pages: 198
- ISBN: 9781484388570
- Stock No: GEPRPPEA
- DOI: https://doi.org/10.5089/9781484388570.071

### Key findings
- Energy taxes can produce substantial environmental and revenue benefits and are an important component of countries’ fiscal systems.
- The principle that energy taxes should reflect global warming, air pollution, road congestion, and other adverse environmental impacts of energy use is well established.
- There has been little previous work providing guidance on how countries can put this principle into practice.
- The book develops a practical methodology, and associated tools, to show how the major environmental damages from energy can be quantified for different countries and used to design the efficient set of energy taxes.

### Analytical contributions
- Practical methodology for quantifying major environmental damages from energy use on a country-by-country basis.
- Associated tools to translate quantified damages into efficient energy tax designs.

### Policy implications and recommendations
- Implement energy taxes that internalize:
  - Global warming damages
  - Air pollution damages
  - Road congestion costs
  - Other adverse environmental impacts of energy use
- Use quantified, country-specific damage assessments to inform tax design that balances environmental objectives and revenue considerations.
- Treat energy taxes as a core component of fiscal systems to capture both environmental and revenue benefits.

### Subject and keywords (as stated)
- Subject: Environment, Expenditure, Fuel tax, Greenhouse gas emissions, Health, Non-renewable resources, Public expenditure review, Taxes
- Keywords: Africa, BOOK, congestion cost, corrective tax, country, country-by-country damage assessments, environmental damage, environmental damage assessment, Fuel tax, Global, Non-renewable resources, North America, policy reform, Public expenditure review, tax, Western Europe

*International Monetary Fund. Getting Energy Prices Right: From Principle to Practice, Ian W.H. Parry, Dirk Heine, Eliza Lis, and Shanjun Li, July 22, 2014. DOI: https://doi.org/10.5089/9781484388570.071*

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_Source: https://www.imf.org/en/publications/books/issues/2016/12/31/getting-energy-prices-right-from-principle-to-practice-41345_