Global Fossil Fuel Subsidies Remain Large : An Update Based on Country-Level Estimates /

This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at USD 4.7 trillion...

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Bibliographic Details
Main Author: Coady, David
Other Authors: Le, Nghia-Piotr, Parry, Ian, Shang, Baoping
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/089
Online Access:Full text available on IMF