{
  "title": "Brunei Darussalam: Selected Issues",
  "publication": "IMF Staff Country Reports, October 6, 2023",
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  "summary": "This Selected Issues paper discusses the potential role of carbon pricing for climate mitigation and revenue diversification strategy in Brunei Darussalam. Carbon pricing schemes are gaining momentum worldwide, including in Asia.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Selected Issues paper examines the potential role of carbon pricing for climate mitigation and revenue diversification strategy in Brunei Darussalam.\n- Carbon pricing schemes are noted as gaining momentum worldwide, including in Asia.\n- The paper provides guidance on the choice between carbon taxes and emissions trading systems and their design.\n- The paper compares the impact of several mitigation policies modelled for illustration in Brunei Darussalam."
    },
    {
      "heading": "Key findings on mitigation and emissions",
      "content": "- All policies modeled reduce carbon dioxide emissions below baseline levels by 10-50 percent by 2030.\n- Most of the emissions reductions come from the power generation and industry sectors.\n- The policy yielding the most emissions reduction is the combination policy of:\n  - a carbon tax reaching $50 per tonne by 2030, and\n  - the fuel subsidies phase-out.\n- The policy yielding the smallest emissions reduction is feebates."
    },
    {
      "heading": "Fiscal and revenue implications",
      "content": "- The modeled policies raise revenues equivalent to 1.6–7.2 percent of gross domestic product above the baseline in 2030.\n- The combination policy (carbon tax reaching $50 per tonne by 2030 plus fuel subsidies phase-out) yields the most revenues.\n- Feebates yield the smallest revenues among the policies modeled."
    },
    {
      "heading": "Policy guidance and comparisons",
      "content": "- The paper provides guidance on:\n  - choosing between carbon taxes and emissions trading systems, and\n  - the design features of carbon pricing schemes.\n- The comparative modeling illustrates trade-offs between emissions reductions and revenue generation across policy options.\n\nBrunei Darussalam: Selected Issues (IMF Staff Country Reports 2023, 347).\n\n---\n\n Content in this bundle\n\n- Brunei Darussalam: Selected Issues; IMF Country Report No. 23/347; August 25, 2023\n  - Brunei Darussalam: Selected Issues; IMF Country Report No. 23/347; August 25, 2023 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Brunei Darussalam: Selected Issues; IMF Country Report No. 23/347; August 25, 2023 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 6, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400257223.002",
    "The Selected Issues paper examines the potential role of carbon pricing for climate mitigation and revenue diversification strategy in Brunei Darussalam.",
    "Carbon pricing schemes are noted as gaining momentum worldwide, including in Asia.",
    "The paper provides guidance on the choice between carbon taxes and emissions trading systems and their design.",
    "The paper compares the impact of several mitigation policies modelled for illustration in Brunei Darussalam.",
    "All policies modeled reduce carbon dioxide emissions below baseline levels by 10-50 percent by 2030.",
    "Most of the emissions reductions come from the power generation and industry sectors.",
    "The policy yielding the most emissions reduction is the combination policy of:",
    "The policy yielding the smallest emissions reduction is feebates.",
    "The modeled policies raise revenues equivalent to 1.6–7.2 percent of gross domestic product above the baseline in 2030.",
    "The combination policy (carbon tax reaching $50 per tonne by 2030 plus fuel subsidies phase-out) yields the most revenues.",
    "Feebates yield the smallest revenues among the policies modeled.",
    "The paper provides guidance on:",
    "The comparative modeling illustrates trade-offs between emissions reductions and revenue generation across policy options.",
    "**Brunei Darussalam: Selected Issues; IMF Country Report No. 23/347; August 25, 2023**"
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