Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels 2013
Quantitative estimates of support for the production or consumption of fossil fuels in OECD member economies, with a summary of each country's energy economy and support measures. For each of the 34 OECD countries covered, the Inventory provides a succinct summary of its energy economy, and of the budgetary and tax-related measures provided at the central-government level (and, in the case of federal countries, for selected sub-national units of government) relating to fossil-fuel production or consumption.
Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels 2012
Preliminary, quantitative estimates of direct budgetary support and tax expenditures supporting the production or consumption of fossil fuels in selected OECD member countries. For each of the 24 OECD countries covered, the Inventory provides a succinct summary of its energy economy, and of the budgetary and tax-related measures provided at the central-government level (and, in the case of federal countries, for selected sub-national units of government) relating to fossil-fuel production or consumption.
» Access the OECD-IEA Fossil Fuel Subsidies and Other Support website.
Under the Korean G20 Presidency, the International Energy Agency (IEA), OECD, OPEC and the World Bank were requested to prepare a report on fossil fuel subsidies "The Scope of Fossil-Fuel Subsidies in 2009 and a Roadmap for Phasing out Fossil-Fuel Subsidies: An IEA, OECD and World Bank report" for the November 2010 G-20 summit meeting in Seoul, Republic of Korea.
This work extends the analysis of an earlier Joint Report on fossil fuel subsidies that had been prepared by the IEA, OECD, OPEC and the World Bank and presented to the G-20 Toronto Summit in June 2010. The latest joint report includes data on fossil fuel consumption subsidies for 2009 and provides a road map for phasing out fossil fuel subsidies.
The work on fossil fuel subsidies by the international organisations was in response to a request by G-20 Leaders when they met in Pittsburgh in September 2009. At that time, leaders agreed to “rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption”. They asked the OECD together with the IEA, OPEC and the World Bank to “provide an analysis of the scope of energy subsidies and suggestions for the implementation of this G20 country initiative.
The work by the international organisations includes:
» "An update of the G20 Pittsburgh and Toronto Commitments", joint report by IEA, OPEC, OECD and World Bank on fossil-fuel and other energy subsidies, prepared for the G20 Meeting of Finance Ministers and Central Bank Governors (Paris, 14-15 October 2011) and the G20 Summit (Cannes, 3-4 November 2011)
» OECD Press release: OECD and IEA recommend reforming fossil-fuel subsidies to improve the economy and the environment and launch of the OECD Inventory of Estimated Budgetary Support and Tax Expenditures Relating to Fossil Fuels, October 2011
Building on previous OECD work on environmentally-harmful subsidies, four main areas of work on fossil fuel subsidies are underway by the OECD:
OECD produced two Background Papers for the Joint Report to the G20:
In addition, some of the Economic Surveys and Environmental Performance Reviews that OECD regularly produces of OECD and emerging economies include sections on fossil fuel subsidy reform to assess country progress and provide targeted advice for reforms.
A recent Working Paper on Mitigation Potential of Removing Fossil Fuel Subsidies provides detailed modelling-based analysis of the potential economic and environmental benefits of phasing-out fossil fuel subsidies.
Permanent URL: www.oecd.org/g20/fossilfuelsubsidies