Global energy consumption rose strongly in 2018, and so did energy-related CO2 emissions, which reached a new all-time high. This is disconcerting, as meeting the goals of the Paris Agreement will require deep cuts in emissions.
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. Tax rates and tax coverage are detailed by country, sector, energy source and tax type. The use of a common methodology ensures full comparability of tax rates and structures across countries while the summary indicators facilitate cross-country comparisons.