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Taxing Energy Use 2019

Using Taxes for Climate Action

image of Taxing Energy Use 2019

Well-designed systems of energy taxation encourage citizens and investors to favour clean over polluting energy sources. In particular, fuel excise and carbon taxes are simple and cost-effective tools to curb dangerous climate change. Energy and carbon taxes also contribute to limiting health damage from local pollution. Taxing Energy Use (TEU) 2019 presents a snapshot of where countries stand in deploying energy and carbon taxes, tracks progress made, and makes actionable recommendations on how governments could do better. The report contains new and original data on energy and carbon taxes in OECD and G20 countries, and in international aviation and maritime transport.

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Preface

Public pressure is mounting for action on climate change. Keeping climate change at bay in line with the goals of the Paris Agreement will require deep cuts in emissions. In the absence of decisive action, extreme weather events such as storms, floods, droughts and heat waves will become more frequent and severe, and rising sea levels will endanger coastal cities and entire island states. Against this background, it is disconcerting that energy-related CO2 emissions reached an all-time high in 2018.

English

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