Chapter 1. Summary for Policymakers
Author:
Ian W.H. Parry https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. Dirk Heine https://isni.org/isni/0000000404811396 International Monetary Fund

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Eliza Lis https://isni.org/isni/0000000404811396 International Monetary Fund

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Shanjun Li https://isni.org/isni/0000000404811396 International Monetary Fund

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Abstract

Many energy prices in many countries are wrong. They are set at levels that do not reflect environmental damage, notably global warming, air pollution, and various side effects of motor vehicle use. In so doing, many countries raise too much revenue from direct taxes on work effort and capital accumulation and too little from taxes on energy use.