Common Tragedies

Thoughts on Environmental Economics

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:

non-OECD energy subsidies, 2007

And for comparison here is a similar figure from WEO 2006:

non-OECD energy subsidies in 2005

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