This article provides a review of global energy subsidies—of definitions and estimation techniques, their type and scope, their drawbacks, and effective ways to reform them. Based on an assessment of both policy reports and peer-reviewed studies, this article presents evidence that energy subsidies…
Peter Erickson, Adrian Down, Michael Lazarus, and Doug Koplow
Posted on:
1/9/2017
The United States now produces as much crude oil as ever – over 3.4 billion barrels in 2015, just shy of the 3.5 billion record set in 1970. Indeed, the U.S. has become the world’s No. 1 oil and gas producer. The oil production boom has been aided by tax provisions and other subsidies that support…
Main Authors: Mycle Schneider and Antony Froggatt; Other contributors: Julie Hazemann, Tadahiro Katsuta, M.V. Ramana, Ian Fairlie, Fulcieri Maltini, and Steve Thomas
Posted on:
8/12/2016
The World Nuclear Industry Status Report 2016 (WNISR) provides a comprehensive overview of nuclear power plant data, including information on operation, production and construction. The WNISR assesses the status of new-build programs in current nuclear countries as well as in potential newcomer…
Jayni Foley Hein, Ben Snow, Sean Stefanik, and Lauren Webb
Posted on:
8/10/2016
Federal law requires coal companies to reclaim and restore land and water resources that have been degraded by mining. But at many sites, reclamation occurs slowly, if it all. Mining companies are required to post performance bonds to ensure the successful completion of reclamation efforts should…
Mark Fulton, Doug Koplow, Reid Capalino, Andrew Grant
Posted on:
8/1/2016
In January 2016 the US Secretary of the Interior announced a moratorium on new coal leasing on public lands pending completion of a comprehensive review. Nearly 90% of coal produced from public lands is from leases in the Powder River Basin (PRB) of Wyoming and Montana.
Although nuclear power is a source of low carbon electricity, it is by no means a clear solution to the challenge we face in reducting greenhouse gas emissions. This presentation discusses common metrics to assess the most cost-efficient source of ghg emissions and reviews multiple studies…
The steep decline in the world oil price in the last quarter of 2014 slashed fuel price subsidies. Several governments responded by announcing that they would remove subsidies for one or more fuels and move to market-based pricing with full cost recovery. Other governments took advantage of low…
Understanding who benefits from fuel price subsidies and the welfare impact of increasing fuel prices is key to designing, and gaining public support for, subsidy reform. This paper updates evidence for developing countries on the magnitude of the welfare impact of subsidy reform and its…
The US coal industry faces not just overcapacity but crippling liabilities that will outlive mine closures. Setting the industry on a viable course will require all stakeholders to step up with new ideas.
This report examines the decline in demand for US coal and the industry rationalization that…
This report aims to illuminate some of the hidden costs of coal production, which Interior should account for in order to modernize the federal coal program and earn a more fair return. If Interior had used a higher royalty rate that accounts for even a fraction of the public costs of mining, it…
Elizabeth Bast, Alex Doukas, Sam Pickard, Laurie van der Burg and Shelagh Whitley
Posted on:
11/13/2015
G20 country governments are providing $452 billion a year in subsidies for the production of fossil fuels. Their continued support for fossil fuel production marries bad economics with potentially disastrous consequences for the climate. In effect, governments are propping up the production of…
Jehan Sauvage, project manager; Franck Jésus and Ronald Steenblik, project supervisors
Posted on:
10/2/2015
The combustion of fossil fuels is a leading contributor to climate change, and many countries have already taken steps to reduce their emissions of CO2 and other pollutants. Some policies remain, however, that encourage more production and use of fossil fuels than would otherwise be the case. In so…
Mark Fulton, Tim Buckley, Doug Koplow, Luke Sussams, and Andrew Grant
Posted on:
9/25/2015
There has been much discussion of fossil fuel subsidies as both an inefficient use of public tax dollars and a barrier to the scaling up of low- and no-carbon energy sources. As "green" incentives are reduced, the phase-out of fossil fuel subsidies becomes even more urgent in order to reduce market…
Energy resources vary widely in terms of their capital intensity, reliance on centralized networks, environmental impacts, and energy security profiles. Although the policies of greatest import to a particular energy option may differ, their aggregate impact is significant. Subsidies to conventional…
Numbers ranging from half a trillion to two trillion dollars have been cited in recent years for global subsidies for fossil fuels. How are these figures calculated and why are they so different? The most commonly used methods for measuring subsidies are the price-gap approach-quantifying the gap…
Energy subsidies are among the most pervasive, and most controversial fiscal policy tools in the Middle East and North Africa (MENA). In a region with few functioning social welfare systems, subsidized energy prices continue to form an important social safety net, albeit a highly costly and…
Gabriel Di Bella, Lawrence Norton, Joseph Ntamatungiro, Sumiko Ogawa, Issouf Samake, and Marika Santoro
Posted on:
2/27/2015
The oil price decline creates an opportunity to dismantle energy subsidies, which escalated with high oil prices. This paper assesses energy subsidies in Latin America and the Caribbean-about 1.8 percent of GDP in 2011-13 (approximately evenly split between fuel and electricity), and about 3.8…
Gabriele Mraz, Andrea Wallner, Gustav Resch, and Demet Suna
Posted on:
2/19/2015
Renewable energies were compared with the nuclear option by looking at the quantities of power they can both generate and the level of financial support this requires. This mirrors the extra costs which must be borne by the end consumer or society. Five different renewable technologies were analysed…
Government subsidies to energy producers, transporters, and consumers are widespread throughout the world and represent a large public investment in the energy sector. In theory, this investment could be funding a variety of social goals such as providing the poor with access to basic energy…
The electric utility industry has begun an aggressive push to change energy policy in the United States to favor nuclear power. Led by the country's largest nuclear generators, Exelon and Entergy, this campaign represents what would be the single largest change in energy policy in twenty years…