A new report from the OECD, ‘Taxing Energy Use 2018’, finds energy taxes provide only limited incentives to improve energy efficiency and remain poorly aligned with the negative side effects of energy use. The report describes patterns of energy taxation in 42 OECD and G20 countries, representing approximately 80% of global energy use, by fuels and sectors over the 2012-2015 period.
In 2015, outside of road transport, 81% of emissions were untaxed. Excise taxes dominate overall tax rates, while actual carbon tax rates remain low.
Coal accounts for almost half of carbon emissions from energy use in the 42 countries, but is taxed at the lowest rates, or fully untaxed, in almost all countries. See http://bit.ly/2BF11bb.
A new report from the OECD, ‘Taxing Energy Use 2018’, finds energy taxes provide only limited incentives to improve energy efficiency and remain poorly aligned with the negative side effects of energy use. The report describes patterns of energy taxation in 42 OECD and G20 countries, representing approximately 80% of global energy use, by fuels and sectors over the 2012-2015 period.
In 2015, outside of road transport, 81% of emissions were untaxed. Excise taxes dominate overall tax rates, while actual carbon tax rates remain low.
Coal accounts for almost half of carbon emissions from energy use in the 42 countries, but is taxed at the lowest rates, or fully untaxed, in almost all countries. See http://bit.ly/2BF11bb.
