More subsidies
Posted by Daniel Hall on November 13, 2008
The World Energy Outlook 2008 is just out, with updated estimates of energy subsidies:
According to our calculations, energy-related consumption subsidies, which encourage consumption by pricing energy below market levels, amounted in 20 non-OECD countries (accounting for over 80% of total non-OECD primary energy demand) to about $310 billion in 2007. Oil products account for one-half, or $150 billion.
The WEO also states that the IEA plans to publish a special report on energy subsidies in 2009.
I’ve placed graphs of energy subsidies in non-OECD countries below the fold:
Here is the chart from WEO 2008:
And for comparison here is a similar figure from WEO 2006:
