UNEP IMF GIZ - GSI workshop. Reforming Fossil Fuel Subsidies for an Inclusive Green Economy

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "UNEP IMF GIZ - GSI workshop. Reforming Fossil Fuel Subsidies for an Inclusive Green Economy"

Transcription

1 UNEP IMF GIZ - GSI workshop Reforming Fossil Fuel Subsidies for an Inclusive Green Economy April,

2 Index I. Pricing Policy and Implicit Subsidies: a) Fossil fuels b) Electricity II. Mexican Fiscal Reform - Environmental Taxes and other fiscal policies: a) Carbon tax b) Other environmental fiscal policies 2

3 In Mexico, almost all energy products (petroleum and electricity) are (so far) provided by State companies (Pemex and CFE). The pricing policy is regulated by the Federal Government. To determine prices of energy products (for retail or wholesale consumers), there are 3 schemes: 1. Internationally referenced prices; 2. Efficient-Cost prices; and 3. Administrated prices. The majority of energy products have a pricing policy based on schemes 1 and 2: Fossil fuels: all of them, except gasoline, diesel and LPG. Electricity: for industrial and commercial consumers, and households with high consumption (except regular households and agricultural consumers). Regularly, energy products with a policy of administrated prices have implicit subsidies. 3

4 Fossil Fuels Administrated prices allow to avoid the volatility of oil s international prices; but that volatility is absorbed by the Government, as a higher income or, most of the times, as implicit subsidies. Gasoline & Diesel: A compensation mechanism is used to support the volatility impact, through the Excise Tax on Products and Services (Impuesto Especial sobre Producción y Servicios, IEPS). The rate of this tax is calculated every month as the difference between administrated prices and international (adjusted) prices (spot prices in Houston, Tx. + quality adjustments + import costs). If the benchmark price is low (compared to Mexican prices) the Government collects a tax; but if this benchmark price is higher, the collection is negative (implicit subsidies). Since 2010, the Federal Government has been implementing a pricing policy to increase retail prices for about 1% a month, in order to reduce the negative effect of this tax. 4

5 Fossil Fuels Source: SHCP-SSI with data for the IEPS in March

6 Fossil Fuels Source: SHCP-SSI, with data of EIA and Pemex, April

7 Fossil Fuels Source: SHCP-SSI. 7

8 Fossil Fuels 10% of households with the higher income concentrates the 34.9% of the implicit subsidy, and 20% of richer households concentrates more than the 50%. On the other hand, the 10% of poorest households concentrates only the 0.9% of this implicit subsidies. Source: SHCP-SSI, with data of the Household Income-Expenditure National Survey,

9 Fossil Fuels Liquefied Petroleum Gas (LPG): Unlike gasoline and diesel, on LPG there is not a compensation mechanism. The Government set maximum prices every month, and the difference between opportunity cost (price of butane and propane in Mont Belvieu, TX + import costs) and the domestic price is absorbed by the State Company (Pemex). Nevertheless, a pricing policy to increase these maximum prices has been implemented since 2010, with an annual average increase on retail prices of about 7%-8%. Source: Pemex, April

10 Electricity Electricity: Electricity tariffs are calculated with a long term marginal cost methodology. The pricing policy considers adjustments to the levels of these tariffs, with a formula applied on a monthly basis, according with the variation of fossil fuels (used on electricity generation) prices and inflation rates. Industrial, commercial users and households with high consumption (2% of total), face changes on their tariffs every month with changes on supply costs. Regular households (the other 98%) and agricultural users, only face changes to maintain the level of their tariffs in real terms. There is an implicit subsidy on these kind of users. There is not a compensation mechanism for these implicit subsidies, the difference between income and supply costs is paid by the Mexican electric company, CFE. 10

11 Electricity Implicit subsidies can be reduced by two different ways: 1. Increasing tariffs; or 2. Reducing supply costs. Mexican s households consumption of electricity is low compared with other counties with a same GDP per capita; so, an increase on electricity tariffs will drive a reduction on consumption, and then a reduction on quality of life of Mexican citizens. This is why the Mexican Government has focused on reducing the implicit subsidies by decreasing supply costs; for example: o o o Increasing the use of renewable energies with a short term marginal cost near to zero, for instance: hydroelectric, wind power, solar power, geothermal. Substituting the use of expensive and inefficient fossil fuels to generate electricity, such as fuel oil or diesel, with natural gas. Improving the design and performance of power lines and transformation capacity. 11

12 Electricity Source: SHCP. 12

13 Mexican fiscal reform environmental taxes Carbon Tax: In September 2013, the Federal Government proposed to the Congress a tax on fossil fuels based on their carbon content. o This tax was designed with the support of the Centro Mario Molina; who provide us the carbon dioxide emissions in combustion processes, according with the 1996 IPCC Guidelines. o The amounts of the fees applicable to each fossil fuel based on its volume and mass units, was calculated with a weighted average price of the carbon credits in different markets in a specific period (oct12 jun13): European Union Emissions Trading Scheme (Spot -EU Allowances), California Cap-and-trade Scheme 2013 and 2016, Emission Trading Scheme of Nueva Zelanda (NZ ETS), and Regional Greenhouse Gas Emissions -RGGI. o The weighted average price was: US$5.70 per ton of CO2e. 13

14 Mexican fiscal reform environmental taxes The Congress made some changes to the original proposal: o A limit to the cuotas at a 3% of the price for each fuel; that was in order to prevent an inflationary process. o Since natural gas is the fossil fuel with the lowest carbon content per unit of energy, with a low potential emission of greenhouse gases; it was established as the base for a re-calculation of the tax, with a new price of approximately 3.21 US$/ton of CO2e. The new tax structure is based on the cleaner option, which is natural gas, and thereafter the amount of tax applicable to each fuel is determined as the value of each ton of carbon dioxide that is generated additionally to that that would be generated if the natural gas were used. o Those taxpayer who use the fossil fuel as an input in production processes, without a combustion process, could get a tax credit. o A compensation mechanism was established; so, the taxpayers can pay the tax in cash or with carbon credits. 14

15 Mexican fiscal reform environmental taxes Therefore, the tax structure was as shown in the following table: To prevent deterioration in real terms, the tax amounts will be adjusted annually with the variation of the national consumer price index. 15

16 environmental incentives Other environmental fiscal policies: Accelerated depreciation of assets invested in renewable energy. Fiscal Funds for R & D on renewable energies and efficiency. Inclusion of negative externalities on electricity generation with fossil fuels, that makes more profitable the use of alternative energy technologies. Financial support and credits for urban mass transport projects. Modernization of public transportation programs (scrappage). 16

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by

Transforming America s Energy Future. Kentucky. Energy Statistics. Developed by Transforming America s Energy Future Kentucky Energy Statistics Developed by 2 2 Summary The first edition of Kentucky Energy Statistics is offered by the National Association for State Energy Officials

More information

Domestic energy bills and costs of implementing environmental measures

Domestic energy bills and costs of implementing environmental measures Domestic energy bills and costs of implementing environmental measures The Sustainable Development Commission has analysed household electricity and gas bills to show the contribution of the additional

More information

Indonesia Energy efficiency report

Indonesia Energy efficiency report Indonesia Energy efficiency report Objectives: Growth in energy consumption slower than GDP growth by 25 Industrial energy intensity reduction target of about 1% per year until 25 Overview 9-9 (% / year)

More information

Framework of the energy taxation: the situation in OECD countries!

Framework of the energy taxation: the situation in OECD countries! Framework of the energy taxation: the situation in OECD countries! Presentation at the seminar JORNADA SOBRE LA FISCALIDAD AMBIENTAL EN LA ENERGÍA Y SU APLICACIÓN EN ESPAÑA Hosted by the Institute for

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities Country Operations Business Plan: Philippines, 2013 2015 SECTOR ASSESSMENT (SUMMARY): ENERGY 1. Sector Performance, Problems, and Opportunities 1. Challenges. Economic growth has been impeded in the Philippines

More information

Economic Outcomes of a U.S. Carbon Tax. Executive Summary

Economic Outcomes of a U.S. Carbon Tax. Executive Summary Economic Outcomes of a U.S. Carbon Tax Executive Summary [ Overview [ During the ongoing debate on how to address our nation s fiscal challenges, some have suggested that imposing a carbon tax would improve

More information

2015 -- S 0417 S T A T E O F R H O D E I S L A N D

2015 -- S 0417 S T A T E O F R H O D E I S L A N D LC001 01 -- S 01 S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 01 A N A C T RELATING TO TAXATION -- CARBON PRICING AND ECONOMIC DEVELOPMENT INVESTMENT ACT OF 01 Introduced

More information

Low-Carbon Development for Mexico (MEDEC)

Low-Carbon Development for Mexico (MEDEC) Low-Carbon Development for Mexico () World Bank LCR Sustainable Development Department March 17, 2011 Questions for Low-Carbon Studies What does a low-carbon pathway look like? How much might it cost?

More information

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC

Asian Business Dialogue on Corporate Governance The Energy Sector in ASEAN: Opportunities and Challenges. Khun Surong Bulakul 1ACE-LIC Asian Business Dialogue on Corporate Governance 2012 The Energy Sector in ASEAN: Opportunities and Challenges Khun Surong Bulakul 1ACE-LIC Outline ASEAN Energy Overview ASEAN Energy Consumption Efficiency

More information

Photovoltaic in Mexico Recent Developments and Future

Photovoltaic in Mexico Recent Developments and Future Photovoltaic in Mexico Recent Developments and Future Rodolfo Martínez Strevel Berlin, Germany May 23th, 2013 Bufete de Tecnología Solar, S.A. (BUTECSA) Production of Primary Energy in Mexico, 2011 % 7,0

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

SPECIAL UPDATE. A New Power Market in Mexico. A Competitive Power Market. Wholesale Market Participants

SPECIAL UPDATE. A New Power Market in Mexico. A Competitive Power Market. Wholesale Market Participants SPECIAL UPDATE A New Power Market in Mexico by Raquel Bierzwinsky, in New York and Mexico City, and David Jiménez and Javier Félix, in Mexico City Mexico has enacted secondary legislation that creates

More information

Tax benefits for ultra low emission vehicles

Tax benefits for ultra low emission vehicles k0 Tax benefits for ultra low emission vehicles Ultra low emission vehicles (ULEVs) are vehicles that produce less than 75g of carbon dioxide (CO2) for every kilometre travelled. Both private and business

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

Submission on Proposed Approach to Key Modelling Assumptions for 2014 Review of Renewable Energy Target

Submission on Proposed Approach to Key Modelling Assumptions for 2014 Review of Renewable Energy Target Submission on Proposed Approach to Key Modelling Assumptions for 2014 Review of Renewable Energy Target Dear Sir/Madam Thank you for the opportunity to comment on the Consultation Paper on the Proposed

More information

Energy Prices and the Competitiveness of Energy Intensive Industries in Egypt

Energy Prices and the Competitiveness of Energy Intensive Industries in Egypt Energy Prices and the Competitiveness of Energy Intensive Industries in Egypt Noha Elboghdadly 1, El Sayeda Ibrahim 2 and Ramadan Maklad 3 Egypt has been facing a number of challenges concerning supplying

More information

Mexican Energy Reform. Implications and opportunities in the national electricity network

Mexican Energy Reform. Implications and opportunities in the national electricity network Mexican Energy Reform Implications and opportunities in the national electricity network Contents 1. What are the implications of the reform? 4 2. How can we help you identify opportunities and obtain

More information

From Carbon Subsidy to Carbon Tax: India s Green Actions 1

From Carbon Subsidy to Carbon Tax: India s Green Actions 1 From Carbon Subsidy to Carbon Tax: India s Green Actions 1 09 CHAPTER 9.1 INTRODUCTION The recent steep decline in international oil prices is seen by many as an opportunity to rationalize the energy prices

More information

Energy Tax Initiative in Taiwan: Issues and Perspectives

Energy Tax Initiative in Taiwan: Issues and Perspectives CTCI Foundation The 2007 International Conference on Environment and Energy Energy Tax Initiative in Taiwan: Issues and Perspectives Chung-Huang Huang National Tsing Hua University Center for Sustainable

More information

Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard

Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard Policy Brief International Renewable Energy Investment Credits Under a Federal Renewable Energy Standard Andrew Stevenson and Nigel Purvis* July 13, 2010 Key Findings Allowing regulated entities to comply

More information

RESIDENTIAL AND COMMERCIAL/INSTITUTIONAL NATURAL GAS AND LIQUEFIED PETROLEUM GAS (LPG) COMBUSTION

RESIDENTIAL AND COMMERCIAL/INSTITUTIONAL NATURAL GAS AND LIQUEFIED PETROLEUM GAS (LPG) COMBUSTION RESIDENTIAL AND COMMERCIAL/INSTITUTIONAL NATURAL GAS AND LIQUEFIED PETROLEUM GAS (LPG) COMBUSTION DESCRIPTION This source category covers air emissions from natural gas and liquefied petroleum gas (LPG)

More information

How to Earn the LEED Green Power Credit

How to Earn the LEED Green Power Credit 3D EG REES WH ITE PAPER How to Earn the LEED Green Power Credit Using on-site and off-site renewable energy to mitigate the impact of greenhouse gas emissions associated with a LEED project s energy use

More information

Climate policy and energy pricing in the UK

Climate policy and energy pricing in the UK Climate policy and energy pricing in the UK Andrew Leicester OECD Green Growth and Sustainable Development Forum Session 1: Social implications of green growth energy sector reform and its impact on households

More information

The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply

The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply The role of local, decentralised energy solutions is too often overlooked in the context of current EU policy priorities to increase energy supply security while attaining climate change goals. This presentation

More information

ENERGY CONSERVATION, RENEWABLE ENERGY. Sanjay Kumar Patil X standard Vikasa High School Alkola, Shimoga

ENERGY CONSERVATION, RENEWABLE ENERGY. Sanjay Kumar Patil X standard Vikasa High School Alkola, Shimoga ENERGY CONSERVATION, RENEWABLE ENERGY Sanjay Kumar Patil X standard Vikasa High School Alkola, Shimoga 577 204 Introduction: Energy may be defined as any property, which can be, produced form or converted

More information

UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE. REVIEW OF INFORMATION AND POSSIBLE DECISIONS UNDER ARTICLE 4.2(f) Submission by Turkey

UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE. REVIEW OF INFORMATION AND POSSIBLE DECISIONS UNDER ARTICLE 4.2(f) Submission by Turkey December 1997 ENGLISH ONLY UNITED NATIONS FRAMEWORK CONVENTION ON CLIMATE CHANGE CONFERENCE OF THE PARTIES Third session Kyoto, 1-10 December 1997 Agenda item 3 (e) REVIEW OF INFORMATION AND POSSIBLE DECISIONS

More information

Renewable Energies: Opportunities for Mexico

Renewable Energies: Opportunities for Mexico Renewable Energies: Opportunities for Mexico Maria Elena Sierra Deputy Director Marzo 2007 2 What is CONAE? Federal Entity under the umbrella of the Ministry of Energy with managerial, financial and technical

More information

showing you all the benefits of solar thermal and helping you pick a system that is right for your business.

showing you all the benefits of solar thermal and helping you pick a system that is right for your business. AMERICAN HARNESS SOLAR YOUR WORKS ENERGY SOLAR TO THE RESCUE FOR YOUR BUSINESS SOLAR Thermal Heat from the sun is a great green way to provide clean affordable energy for your business. With solar thermal

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

Index. Copyright material from - licensed to npg - PalgraveConnect - 2016-09-16

Index. Copyright material from  - licensed to npg - PalgraveConnect - 2016-09-16 Index AMIA (Mexican Association of the Automotive Industry), 90, 108 automobile demand ageing of population, 9 emerging economies, 206 7 financing, 8 post-recession, 1 2 role of income distribution and

More information

GREENHOUSE GAS EMISSIONS INVENTORY

GREENHOUSE GAS EMISSIONS INVENTORY GREENHOUSE GAS EMISSIONS INVENTORY The first step in developing a plan to reduce greenhouse gases was to identify sources and quantities of greenhouse gases emitted in Fort Collins. An emissions inventory

More information

India Energy efficiency report

India Energy efficiency report India Energy efficiency report Objectives: 5% of savings in energy consumption by 215 Overview 29 2-29 (% / year) Primary intensity (EU=1) 1 164 -- -2.9% ++ CO 2 intensity (EU=1) 181 -- -1.2% -- CO 2 emissions

More information

Russian energy price subsidies

Russian energy price subsidies И.А. Башмаков Центр по эффективному использованию энергии www.cenef.ru 8(499) 120-92-09 Russian energy price subsidies The effectiveness of energy pricing policy is very much determined by energy demand

More information

Residential & Commercial Sectors Overview CLIMATE

Residential & Commercial Sectors Overview CLIMATE CLIMATE TECHBOOK Residential and Commercial Emissions in the United States Greenhouse gas (GHG) emissions data can be reported either by economic sector, which includes electric power generation as a separate

More information

LET S RENEW WWF dismantles the myths of renewable energies in Spain

LET S RENEW WWF dismantles the myths of renewable energies in Spain LET S RENEW WWF dismantles the myths of renewable energies in Spain Subvencionado por: INTRODUCTION Climate change threatens ecosystems and human lives. Energy production and use from fossil fuels are

More information

Consultation response: Reforming the business energy efficiency tax landscape. Policy paper

Consultation response: Reforming the business energy efficiency tax landscape. Policy paper Consultation response: Reforming the business energy efficiency tax landscape Samuela Bassi, Chris Duffy, Sam Fankhauser, Bob Ward, Dimitri Zenghelis, Policy paper November 2015 ESRC Centre for Climate

More information

Inclusion of Consumption in Emissions Trading an International Comparison. William Acworth, DIW Berlin

Inclusion of Consumption in Emissions Trading an International Comparison. William Acworth, DIW Berlin Inclusion of Consumption in Emissions Trading an International Comparison William Acworth, DIW Berlin Background and experience England Dual Citizenship: UK and Australian Germany Masters of Public Policy

More information

Netherlands National Energy Outlook 2014

Netherlands National Energy Outlook 2014 Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The

More information

AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES

AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES AN ECONOMIC EVALUATION OF DISTRIBUTED ELECTRICITY GENERATION TECHNOLOGIES ABSTRACT Alexander Mészáros Distributed generation, the small-scale production of electricity at or near customers' homes and businesses,

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

World Simulations with GEM-E3

World Simulations with GEM-E3 World Simulations with 1 Introduction The implementation of the Kyoto protocol would imply the emissions of Annex B countries to be collectively reduced by 5% in 2008-2012 relatively to their 1990 level,

More information

Energy White Paper at a glance

Energy White Paper at a glance and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty

More information

Musgrave Energy & Natural Resources Management Policy. Working together to deliver sustainability

Musgrave Energy & Natural Resources Management Policy. Working together to deliver sustainability Musgrave Energy & Natural Resources Management Policy Working together to deliver sustainability Musgrave Energy & Natural Resources Management Policy Working together to deliver sustainability BACKGROUND

More information

Details on the Carbon Tax (Tax for Climate Change Mitigation)

Details on the Carbon Tax (Tax for Climate Change Mitigation) Details on the Carbon Tax (Tax for Climate Change Mitigation) Introduction of Carbon Tax Contents 1. Background and Purpose of Carbon Tax 2. Mechanism of Carbon Tax 3. Household Burden due to Carbon Tax

More information

4. Thinking on Uses for Tax Revenues How should revenues from Climate Change Tax be used?

4. Thinking on Uses for Tax Revenues How should revenues from Climate Change Tax be used? 4. Thinking on Uses for Tax Revenues How should revenues from Climate Change Tax be used? In addition to maintaining existing measures, and strengthening them as much as possible, if Climate Change Tax

More information

Goals Status Current Policies & Programmes GENERAL OVERVIEW

Goals Status Current Policies & Programmes GENERAL OVERVIEW Mauritius Air Quality Overview This document is based on research that UNEP conducted in 2015, in response to Resolution 7 of the UNEA 1. It describes countrylevel policies that impact air quality. Triple

More information

STATE OF THE ENVIRONMENT REPORT ON NAMIBIA S INDUSTRIALISATION ENVIRONMENT Final Report: 4 August 1999 D ENERGY INDICATORS

STATE OF THE ENVIRONMENT REPORT ON NAMIBIA S INDUSTRIALISATION ENVIRONMENT Final Report: 4 August 1999 D ENERGY INDICATORS D ENERGY INDICATORS Energy is a broad input into human settlements and activities. It is strongly linked to a nation s GDP. Energy indicators provide a measure of efficiency and sustainability in production

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

Summary: Biofuels for a Better Climate How does the tax relief work? RiR 2011:10

Summary: Biofuels for a Better Climate How does the tax relief work? RiR 2011:10 Summary: Biofuels for a Better Climate How does the tax relief work? RiR 2011:10 THE SWEDISH NATIONAL AUDIT OFFICE RiR 2011:10 Biofuels for a Better Climate How does the tax relief work? Summary The Swedish

More information

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007

Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses. July 2007 Economic Impacts of Potential Colorado Climate Change Initiatives: Evidence from MIT and Penn State Analyses July 2007 Introduction California and other western states are actively pursuing a variety of

More information

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011

Green Power Accounting Workshop: Concept Note For discussion during Green Power Accounting Workshop in Mexico City, May 13th 2011 Introduction As more companies and government organizations prepare greenhouse gas (GHG) inventories that reflect the emissions directly and indirectly associated with their operations, they increasingly

More information

Case for Business Intelligence Concepts. Vladimir Rajacic Vladimir Vukojevic Aleksandar Kasa Marko Narancic Borko Rakic Ioannis Sdroulias

Case for Business Intelligence Concepts. Vladimir Rajacic Vladimir Vukojevic Aleksandar Kasa Marko Narancic Borko Rakic Ioannis Sdroulias Case for Business Intelligence Concepts Vladimir Rajacic Vladimir Vukojevic Aleksandar Kasa Marko Narancic Borko Rakic Ioannis Sdroulias WHAT IS LPG? THERE ARE TWO TYPES OF LPG: PROPANE AND BUTANE. BOTH

More information

Innovadidattica, Leggere e scrivere l'ambiente

Innovadidattica, Leggere e scrivere l'ambiente Attenzione: l'allievo ha risposto usando il colore rosso. Allievo: Francesco B. 1. Read 1. Energy basics Energy is in everything. We use energy for everything we do, from making a jump shot to baking cookies

More information

Dubai PAGE Conference Parallel Session Report on. Fiscal policy and finance Investing in a green transition

Dubai PAGE Conference Parallel Session Report on. Fiscal policy and finance Investing in a green transition Dubai PAGE Conference Parallel Session Report on Fiscal policy and finance Investing in a green transition 1. Background In the run-up to the United Nations Conference on Sustainable Development (Rio+20)

More information

Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service. Before

Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service. Before Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service Before House Committee on Science, Space, and Technology Subcommittee on Investigations and Oversight & Subcommittee

More information

John Byrme Director, Center for Energy and Environmental Policy University of Delaware

John Byrme Director, Center for Energy and Environmental Policy University of Delaware John Byrme Director, Center for Energy and Environmental Policy University of Delaware THE CLEAN ENERGY ECONOMY IF WE TRY John Byrne December 13, 2010 Center for Energy and Environmental Policy The scenario

More information

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY i P a g e www.energym adeclean.com CONTENTS

More information

The impact Equation where scientists and engineers fit in the picture

The impact Equation where scientists and engineers fit in the picture The impact Equation where scientists and engineers fit in the picture In a series of papers in 1970-74, Paul Ehrlich and John Holdren proposed the following equation to estimate the overall impact of our

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

Population, Health, and Human Well-Being-- Nigeria

Population, Health, and Human Well-Being-- Nigeria Population, Health, and Human Well-Being-- EarthTrends Country Profiles Demographic and Health Indicators Total Population (in thousands of people) 195 29,79 176,775 2,519,495 22 12,47 683,782 6,211,82

More information

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE DEWAN PERWAKILAN RAKYAT REPUBLIK INDONESIA INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE As part of the international community, Indonesia shares its concern on the environment and development

More information

2012 Guidelines to Defra / DECC's GHG Conversion Factors for Company Reporting

2012 Guidelines to Defra / DECC's GHG Conversion Factors for Company Reporting 2012 Guidelines to Defra / DECC's Conversion Factors for Company Reporting Produced by AEA for the Department of Energy and Climate Change (DECC) and the Department for Environment, Food and Rural Affairs

More information

International Energy Outlook 2007

International Energy Outlook 2007 DOE/EIA-0484(2007) International Energy Outlook 2007 May 2007 Energy Information Administration Office of Integrated Analysis and Forecasting U.S. Department of Energy Washington, DC 20585 This publication

More information

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Page 1 of 11 F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1 Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Motion 1. That Council resolves that the Chair of the Environment

More information

Population, Health, and Human Well-Being-- Kuwait

Population, Health, and Human Well-Being-- Kuwait Population, Health, and Human Well-Being-- EarthTrends Country Profiles Demographic and Health Indicators Total Population (in thousands of people) 195 152 111,647 2,519,495 22 2,23 423,296 6,211,82 225

More information

Section II: Fuel Price Subsidies in Sub-Saharan Africa

Section II: Fuel Price Subsidies in Sub-Saharan Africa Section II: Fuel Price Subsidies in Sub-Saharan Africa u Over half of all African governments subsidize fuel to protect consumers, with oil exporters having the largest subsidies. u At an average cost

More information

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY Anton Garcia Diaz Economic Bureau of the Prime Minister «Symposium on Strengthening Sino-Spain cooperation in multiple Fields» New Energy Cooperation

More information

The IISD Global Subsidies Initiative The Global Subsidies Initiative of the International Institute for Sustainable Development

The IISD Global Subsidies Initiative The Global Subsidies Initiative of the International Institute for Sustainable Development The Global Subsidies Initiative of the International Institute for Sustainable Development Fossil-fuel subsidies, the path to reform and the impact on renewable energy The Global Subsidies Initiative (GSI)

More information

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW February 2014 ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL The Energy Bill is the government s flagship energy policy. There have

More information

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement

More information

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Marc Breslow, Ph.D. Director of Transportation & Buildings Policy Executive Office of Energy & Environmental Affairs

More information

2. Place of renewable energy in the context of developing global energy at present stage

2. Place of renewable energy in the context of developing global energy at present stage Renewable Energy Strategy to promote an enhanced investment climate for renewable energy technologies for submission to national and regional authorities in participating CIS countries 1. Introduction

More information

Electric Power Annual 2013

Electric Power Annual 2013 Electric Power Annual 2013 March 2015 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

Electric Power Annual 2014

Electric Power Annual 2014 Electric Power Annual 2014 February 2016 Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 This report was prepared by the U.S. Energy Information Administration

More information

New Zealand Energy Statistics December 2005 quarter

New Zealand Energy Statistics December 2005 quarter Image description. Hot Off The Press. End of image description. Embargoed until 10:45am 8 March 2006 New Zealand Energy Statistics December 2005 quarter Highlights In the December 2005 quarter: Hydro and

More information

What does an early ETS mean for businesses?

What does an early ETS mean for businesses? What does an early ETS mean for businesses? An early transition to an emissions trading scheme from 1 July 2014 will benefit businesses through a reduction in electricity and gas bills. Small businesses

More information

Annual Greenhouse Gas Emissions Report,

Annual Greenhouse Gas Emissions Report, Annual Greenhouse Gas Emissions Report, 2013-14 1.0 Introduction and Approach This report gives the annual summary of emissions of the greenhouse gas (GHG) carbon dioxide (CO 2 ) from East Sussex County

More information

Annual Energy Outlook 2015

Annual Energy Outlook 2015 For Columbia University New York, NY By Adam Sieminski U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Key results from (AEO215)

More information

Considering a US Carbon Tax

Considering a US Carbon Tax Considering a US Carbon Tax Frequently Asked Questions Have questions about a carbon tax? Researchers in RFF s Center for Climate and Electricity Policy have the answers. Marie Bertrand/Corbis For the

More information

Proposal 5: Eliminating Fossil Fuel Subsidies

Proposal 5: Eliminating Fossil Fuel Subsidies Joseph E. Aldy Harvard University Deficit Reduction (10-year): $41 billion. Broader Benefits: Levels the playing field among fossil fuel producers relative to other business investments; leads to potentially

More information

Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle

Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle Make the most of your energy SM Global Expertise, Local Knowledge Schneider Electric s

More information

ANALYZING ENERGY. Time and Student Grouping Energy Source Analysis and Consequence Wheel: One class period. Grade Levels: 6-12

ANALYZING ENERGY. Time and Student Grouping Energy Source Analysis and Consequence Wheel: One class period. Grade Levels: 6-12 ANALYZING ENERGY Lesson Concepts: Students will analyze the advantages and disadvantages of nine different energy sources. They will use their knowledge to predict what would happen if the world did not

More information

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry.

ENERGY REFORM. Strengthen the stewardship of the State as the owner of the oil and gas, and as regulator of the oil industry. I. The Objectives of the Reform. The bill being submitted by the Federal Executive for the consideration of the Congress of the Union, proposes that Constitutional Article 27 return to state what President

More information

INTENDED NATIONALLY DETERMINED CONTRIBUTION

INTENDED NATIONALLY DETERMINED CONTRIBUTION INTENDED NATIONALLY DETERMINED CONTRIBUTION 2020-2030 June 2015 MINISTRY SECRETARÍA OF DE THE MEDIO ENVIRONMENT AMBIENTE AND Y RECURSOS NATURAL NATURALES RESOURCES MÉXICO INSTITUTIONAL AND POLICY FOUNDATIONS

More information

Dr. István ZÁDOR PhD: Rita MARKOVITS-SOMOGYI: Dr. Ádám TÖRÖK PhD: PhD, MSc in Transportation Engineering, KOGÁT Ltd. istvan.zador@kogat.

Dr. István ZÁDOR PhD: Rita MARKOVITS-SOMOGYI: Dr. Ádám TÖRÖK PhD: PhD, MSc in Transportation Engineering, KOGÁT Ltd. istvan.zador@kogat. Dr. István ZÁDOR PhD: PhD, MSc in Transportation Engineering, KOGÁT Ltd. istvan.zador@kogat.hu Rita MARKOVITS-SOMOGYI: MSc in Transport Engineering, Budapest University of Technology and Economics Department

More information

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering

Democratic and Republican Positions on Environmental Issues. Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Democratic and Republican Positions on Environmental Issues Edward H. Klevans, Professor and Department Head Emeritus of Nuclear Engineering Issue: Climate Change Democratic Position The Democratic Platform

More information

INTRODUCTION TO THE ETHANOL SUPPLEMENT

INTRODUCTION TO THE ETHANOL SUPPLEMENT INTRODUCTION TO THE Program planning for export market development must take into account the diversity of market development programs, geographic realities, economic conditions, the nature of constraints

More information

Promotion of energy efficiency and renewable energy experiences from Norway

Promotion of energy efficiency and renewable energy experiences from Norway Business planning of Renewable Energy and Energy Efficiency Projects in Ukraine and Eastern Europe Kiev 28. April 2011 Promotion of energy efficiency and renewable energy experiences from Norway Hans Borchsenius

More information

Thermal & Biogas Production In Egypt. By Prof. Dr. Ahmed Abd El-Ati Ahmed Egypt - GBEP Focal Point

Thermal & Biogas Production In Egypt. By Prof. Dr. Ahmed Abd El-Ati Ahmed Egypt - GBEP Focal Point Thermal & Biogas Production In Egypt By Prof. Dr. Ahmed Abd El-Ati Ahmed Egypt - GBEP Focal Point Some Related Socioeconomic indicators : The total land area is 1 Million Km 2. 97 % of the total area is

More information

Meet Clean Diesel. Improving Energy Security. Fueling Environmental Progress. Powering the Economy

Meet Clean Diesel. Improving Energy Security. Fueling Environmental Progress. Powering the Economy Meet Clean Diesel Improving Energy Security Fueling Environmental Progress Powering the Economy What is Clean Diesel? Diesel power is cleaner and more vital to the U.S. economy than ever before. The diesel

More information

IAEA-TECDOC-1469 Comparative assessment of energy options and strategies in Mexico until 2025

IAEA-TECDOC-1469 Comparative assessment of energy options and strategies in Mexico until 2025 IAEA-TECDOC-1469 Comparative assessment of energy options and strategies in Mexico until 2025 Final report of a coordinated research project 2000 2004 October 2005 IAEA-TECDOC-1469 Comparative assessment

More information

Energy efficiency is a priority for the Russian Federation in its energy policy

Energy efficiency is a priority for the Russian Federation in its energy policy Energy efficiency is a priority for the Russian Federation in its energy policy Mikhail Soloviev Geneva, 7-9 October 2009 Purpose and Principles of Government Energy Policy Purpose: most efficient use

More information

Global Energy Markets Overview. Jason Feer Argus Media Ltd Pacific Economic Cooperation Council 17 May 2006

Global Energy Markets Overview. Jason Feer Argus Media Ltd Pacific Economic Cooperation Council 17 May 2006 Global Energy Markets Overview Jason Feer Argus Media Ltd Pacific Economic Cooperation Council 17 May 2006 Introduction Argus, who we are & what we do Today s energy markets Why are prices high? What does

More information

04b Energy Costs and Prices

04b Energy Costs and Prices 04b Energy Costs and Prices Brussels, 23 th October 2015 Prof. Michel HUART MECA H417 / MECA H530 Sustainable energy A. General overview http://atm.ulb.ac.be Lesson plan Content Prices and costs (CAPEX,

More information

2. Energy supply and demand: trends and prospects

2. Energy supply and demand: trends and prospects 5 2. Energy supply and demand: trends and prospects Energy demand is expected to increase considerably in the coming years as the result of population growth and economic development (EIA, 2007). Many

More information

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne Energy underpins our Civilization Imagine one week without Electricity Imagine one week without Motorized

More information

Implications of Carbon Cap-and-Trade for Electricity Rate Design, with Examples from Florida. Hethie Parmesano and Theodore J.

Implications of Carbon Cap-and-Trade for Electricity Rate Design, with Examples from Florida. Hethie Parmesano and Theodore J. Implications of Carbon Cap-and-Trade for Electricity Rate Design, with Examples from Florida Hethie Parmesano and Theodore J. Kury Hethie Parmesano is a Special Consultant with NERA Economic Consulting

More information

NOIA s mission is to secure reliable access to the nation s valuable. and supplied in an environmentally responsible manner.

NOIA s mission is to secure reliable access to the nation s valuable. and supplied in an environmentally responsible manner. Energy Challenges for wisconsin and the NATion NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied

More information