scholarly journals How Much Can CO2 Emissions Be Reduced If Fossil Fuel Subsidies Are Removed?

10.1596/29237 ◽  
2017 ◽  
Author(s):  
Gabriela Mundaca
Keyword(s):  
Co2 Emissions ◽  
Fossil Fuel ◽  
Fuel Subsidies ◽  
Fossil Fuel Subsidies

scholarly journals Economic Perspective on Discontinuing Fossil Fuel Subsidies and Moving toward a Low-Carbon Society

2021 ◽  
Vol 13 (3) ◽  
pp. 1217
Author(s):  
Kyungwon Park ◽  
Yoon Lee ◽  
Joon Han
Keyword(s):  
Renewable Energy ◽  
Co2 Emissions ◽  
Computable General Equilibrium ◽  
Fossil Fuels ◽  
Energy Use ◽  
Fossil Fuel ◽  
Computable General Equilibrium Model ◽  
Low Carbon ◽  
Fuel Subsidies ◽  
Fossil Fuel Subsidies

In Korea, multiple efforts, including subsidies to energy industries, have been made to increase renewable energy use and strengthen the competitiveness of renewable energy industries. Ironically, a considerable number of subsidies have also been provided for fossil fuels, drawing criticism both within Korea and overseas that these subsidies increase not only fossil fuel consumption and greenhouse gas emissions, but also energy market distortion. Thus, the Korean government announced a plan to discontinue some fossil fuel subsidies in 2020. Based on Korea’s policy orientation to expand renewable energy and strengthen its competitiveness, various scenarios to phase out fossil fuel subsidies and increase renewable energy subsidies can be examined. This study used the computable general equilibrium model to subdivide the energy sector and analyze the influence of changes in subsidies on the Korean economy and CO2 emissions based on three scenarios. The results show that phasing out fossil fuel subsidies causes a significant reduction in domestic CO2 emissions by −6.9 to −8.5%, depending on our scenarios. Implementing energy policy in Korea may have minimum impacts on its economy when fossil fuel subsidies transfer to renewable energy industries. The real gross domestic product could be only decreased by −0.04 to −0.14%.

scholarly journals Fossil fuel subsidies and health – Authors' reply

2015 ◽  
Vol 3 (11) ◽  
pp. e675
Author(s):  
Vinay Gupta ◽  
Ranu Dhillon ◽  
Robert Yates
Keyword(s):  
Fossil Fuel ◽  
Fuel Subsidies ◽  
Fossil Fuel Subsidies

scholarly journals Analysis of inefficient fossil fuel subsidies in America-Example of an energy assistance program for low-income families

2020 ◽  
Vol 3 (1) ◽  
Author(s):  
Yuxi Zhao
Keyword(s):  
Low Income ◽  
Fossil Fuel ◽  
Assistance Program ◽  
Fuel Subsidies ◽  
Fossil Fuel Subsidies ◽  
Low Income Families ◽  
Energy Assistance

<p>TheWeinefficientfossilfuelsubsidiesself-reportlistedexistingfossilfuelsubsidiesincluding subsidiesfor<br />theexploration,Development,Extractionoffossilfuels,subsidiesforfossilFuelsemployedintheresidentialSector(represented<br />bytheLow-incomeHome Energyassistanceprogram).Thispaperchooseslow-incomeHome<br />energyAssistanceprogram(liheap)asacasestudy.Theresultsshowso: ① discriminatorypricesTofossil<br />fuelsinliheapledtoexcessiveFossilfuelconsumption.Comparedwith 2013, thenumber<br />ofheatingSubsidiesbyrecipienthouseholdsreducedby2.89%0in 2014, whileTotalExpenditureroseby19.23%0; ②<br />DuringFY1993toFY1995,FY1999toFY2001,FY$ toFY2007,<br />andFY2008toFYno.,Weatherizationbenefitsandcrisisbenefitsshowed asynchronousgrowth; ③<br />liheaprecipienthouseholdstendedtoconsumeMorefossilFuelthanLow-incomeandOthertypesTohouseholds,particularlyin<br />theSouthArea.Finally,Thispaperanalyzes"ExternalinstitutionalsystemThenInternalEnergyStructureof,theUSinefficientfos<br />silFuelsubsidiesReform,thusprovidessomepolicyImplications</p>

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