World Bank2025-05-122025-05-122025-05-12https://hdl.handle.net/10986/43174This report estimates fuel-specific TCPs for 11 LAC countries—Argentina, Brazil, Chile, Colombia, Dominica, Jamaica, Mexico, Paraguay, Peru, St. Lucia, and Uruguay—from 2017 to 2023, and a preliminary estimate for 2024 is also constructed. TCPs in this report are built using a detailed bottom-up approach for each country and fuel type, whereby local tax information, public expenditure data, energy prices, and so on are combined under a common methodology, following Agnolucci et al. (2023, 2024) and Campmas et al. (2024). Because of this bottom-up data gathering, estimates of the TCP in this report are comprehensive, including, for instance, tax and subsidies at the local level (where relevant), as well as instruments that are usually difficult to capture, such as VAT rate differentials. Moreover, using a common methodology over several countries and several years allows the comparability across geographies and time of these estimates to be improved.en-USCC BY-NC 3.0 IGOAFFORDABLE AND CLEAN ENERGYCLIMATE ACTIONTOTAL CARBON PRICE (TCP)ENERGY PRICESReportWorld Bankhttps://doi.org/10.1596/43174