Download the fantastic book titled Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies written by Ian Parry, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies", which was released on 24 September 2021. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies by Ian Parry PDF
This paper provides a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform. Globally, fossil fuel subsidies were $5.9 trillion in 2020 or about 6.8 percent of GDP, and are expected to rise to 7.4 percent of GDP in 2025. Just 8 percent of the 2020 subsidy reflects undercharging for supply costs (explicit subsidies) and 92 percent for undercharging for environmental costs and foregone consumption taxes (implicit subsidies). Efficient fuel pricing in 2025 would reduce global carbon dioxide emissions 36 percent below baseline levels, which is in line with keeping global warming to 1.5 degrees, while raising revenues worth 3.8 percent of global GDP and preventing 0.9 million local air pollution deaths. Accompanying spreadsheets provide detailed results for 191 countries.
Detail About Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies PDF
- Author : Ian Parry
- Publisher : International Monetary Fund
- Genre : Business & Economics
- Total Pages : 42 pages
- ISBN : 1513595407
- Release Date : 24 September 2021
- PDF File Size : 15,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
Clicking on the GET BOOK button will initiate the downloading process of Still Not Getting Energy Prices Right A Global and Country Update of Fossil Fuel Subsidies by Ian Parry. This book is available in ePub and PDF format with a single click unlimited downloads.