Comment 116537

By kevlahan (registered) | Posted February 16, 2016 at 16:56:31

The International Monetary Fund also has a report on energy subsidies and estimates Canada's total subsidies to the Petroleum products, natural gas and coal industries at 3.96% of total government revenues in 2011 or 1.52% of GDP.

These are "post-tax subsidies", i.e. taxes "below their efficient level". Canada does not have pre-tax subsidies according to this report.

The report notes that "Energy subsidies are pervasive and impose substantial fiscal and economic costs in most regions." and that "Removing these subsidies could lead to a 13 percent decline in CO2 emissions and generate positive spillover effects by reducing global energy demand."

http://www.imf.org/external/np/pp/eng/20...

Comment edited by kevlahan on 2016-02-16 17:02:54

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