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Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels

image of Inventory of Estimated Budgetary Support and Tax Expenditures for Fossil Fuels

This publication provides preliminary, quantitative estimates of direct budgetary support and tax expenditures supporting the production or consumption of fossil fuels in selected OECD member countries. The information has been compiled as part of the OECD’s programme of work to develop a better understanding of environmentally harmful subsidies (EHS). It has been undertaken as an exercise in transparency, and to inform the international dialogue on fossil-fuel subsidy reform. It is also intended to inform the ongoing efforts of G20 nations to reform fossil-fuel subsidies.

For each of the 24 OECD countries covered, the Inventory provides a succinct summary of its energy economy, and of the budgetary and tax-related measures provided at the central-government level (and, in the case of federal countries, for selected sub-national units of government) relating to fossil-fuel production or consumption.

Many measures listed in this inventory are relative preferences within a particular country’s tax system rather than absolute support that can be readily compared across countries, and for that reason no national totals are provided.

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Executive summary

The global economic crisis is not yet over. With increasing understanding of the risks of climate change, countries are struggling at home and internationally to find cost-effective measures to reduce their greenhouse-gas emissions. Policy makers are faced with having to deal with a multitude of challenges at once: nourishing growth while encouraging it to become more “green”; preventing high unemployment rates from becoming entrenched; reducing government deficits; and managing global imbalances. Implementing growth-friendly fiscal structures and public spending patterns is critical to reducing imbalances and stimulating growth.

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