1 / 6

OECD work on fossil fuel subsidies www.oecd.org/env/cc/econ

OECD work on fossil fuel subsidies www.oecd.org/env/cc/econ. Helen Mountford Acting Deputy Director OECD Environment Directorate 14 December 2009. Removing energy subsidies can reduce GHG emissions by over 10%. Impact of energy subsidy removal on GHG emissions in 2050.

kalei
Download Presentation

OECD work on fossil fuel subsidies www.oecd.org/env/cc/econ

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. OECD work on fossil fuel subsidieswww.oecd.org/env/cc/econ Helen Mountford Acting Deputy Director OECD Environment Directorate 14 December 2009

  2. Removing energy subsidies can reduce GHG emissions by over 10% Impact of energy subsidy removal on GHG emissions in 2050 Source: joint OECD-IEA analysis, cited in OECD (2009), Economics of Climate Change Mitigation: Policies and Options for Global Action beyond 2010, based on IEA data on subsidies

  3. Greater GHG benefits if subsidy removal is combined with caps on emissions carbon leakage : 20% Source: joint OECD-IEA analysis, cited in OECD (2009), Economics of Climate Change Mitigation: Policies and Options for Global Action beyond 2010, based on IEA data on subsidies

  4. Unilateral removal of energy subsidies brings real income gains… Source: joint OECD-IEA analysis, cited in OECD (2009), Economics of Climate Change Mitigation: Policies and Options for Global Action beyond 2010, based on IEA data on subsidies

  5. … but not everybody will gain from multilateral removal Source: joint OECD-IEA analysis, cited in OECD (2009), Economics of Climate Change Mitigation: Policies and Options for Global Action beyond 2010, based on IEA data on subsidies

  6. Conclusions & next steps Removing fossil fuel subsidies will: • Reduce GHG emissions • Reduce the costs of global mitigation action • Increase economic efficiency and, in most countries, real income Best to combine subsidy phase-out with: • Emission caps in developed countries (reduces carbon leakage) • Targeted measures to address social impacts Next steps in OECD work: • Methodology for estimating producer & consumer subsidies in developed countries • Analysis of GHG, economic, trade, &social impacts of subsidy phase-out • Advice & recommendations on how to implement phase-out in practice www.oecd.org/env/cc/econ

More Related