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Total Carbon Pricing for Energy Consumption: The Importance of Energy Taxes and Subsidies

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dc.contributor.authorAgnolucci, Paolo
dc.contributor.authorGencer, Defne
dc.contributor.authorHeine, Dirk
dc.date.accessioned2024-05-13T13:03:37Z
dc.date.available2024-05-13T13:03:37Z
dc.date.issued2024-05-13
dc.description.abstractFaced with the urgency of climate change mitigation, many governments around the world are considering and deploying different approaches to pricing greenhouse gas emissions. The efforts to put a price on carbon, aiming to reflect the social and environmental costs resulting from these emissions, have traditionally focused on carbon taxes and emissions trading systems. Governments use a broader set of energy, climate, and fiscal policy instruments that affect the price signal on carbon emissions, even when sending such a signal is not stated as an explicit objective. In addition to decisions related to emissions trading or carbon taxes, governments take actions that influence the prices of the fuels that generate those emissions, whether by directly setting retail prices, providing energy consumption subsidies, or levying energy taxes. Carbon price signals resulting from the combination of multiple policy instruments at one time are often unclear. Building on this observation, this report asks, how do different energy, climate, and fiscal policy instruments that affect the price of carbon interact And what overall price signal do these direct and indirect ways of pricing carbon send to the economy To answer these questions, the report adopts the concept of the total carbon price (TCP), introduced in Agnolucci et al. (2023a; 2023b), to estimate the net carbon price signal resulting from the most deployed energy, climate, and fiscal policy instruments that affect the price of carbon emissions. To show how the concept of TCP can be applied to understanding the interaction of these different policy instruments, this report carries out illustrative calculations using best-available multicountry data sets, with a special focus on energy subsidies.en
dc.identifierhttp://documents.worldbank.org/curated/en/099050624151538123/P176963168ce8909f1b0b91fc97bac062af
dc.identifier.doi10.1596/41537
dc.identifier.urihttps://hdl.handle.net/10986/41537
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEnergy Subsidy Reform in Action Series; ESMAP Technical Report
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCARBON PRICING
dc.subjectEFFECTIVE CARBON RATE
dc.subjectGREENHOUSE GAS
dc.subjectTOTAL CARBON PRICE (TCP)
dc.subjectVAT
dc.titleTotal Carbon Pricing for Energy Consumptionen
dc.title.subtitleThe Importance of Energy Taxes and Subsidiesen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTotal Carbon Pricing for Energy Consumption: The Importance of Energy Taxes and Subsidies
okr.date.disclosure2024-05-13
okr.date.lastmodified2024-05-07T00:00:00Zen
okr.doctypeESMAP Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099050624151538123/P176963168ce8909f1b0b91fc97bac062af
okr.guid099050624151538123
okr.identifier.docmidP176963-68ce891f-5b3c-459f-b0b9-fc97bac062af
okr.identifier.doihttps://doi.org/10.1596/41537
okr.identifier.externaldocumentum34314393
okr.identifier.internaldocumentum34314393
okr.identifier.report189919
okr.import.id4134
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099050624151538123/pdf/P176963168ce8909f1b0b91fc97bac062af.pdfen
okr.region.geographicalWorld
okr.sectorOther Public Administration
okr.themeMacro-financial policies,Mitigation,Human Development and Gender,Economic Policy,Fiscal Policy,Environment and Natural Resource Management,Disease Control,Pandemic Response,Macroeconomic Resilience,Climate change,Adaptation,Public Expenditure Policy
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Carbon Policy and Trading
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.unitEFI-MTI-Macro/Fiscal-Tax (EMFTX)
relation.isAuthorOfPublicatione24f6d87-8168-4aa9-a5be-db4232461891
relation.isAuthorOfPublication.latestForDiscoverye24f6d87-8168-4aa9-a5be-db4232461891
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