Chapter 2. Energy Systems, Environmental Problems, and Current Fiscal Policy: A Quick Look
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

Fossil fuels are used pervasively to generate electricity, power transportation vehicles, and provide heat for buildings and manufacturing processes. Fuel combustion produces carbon dioxide (CO2) emissions and various local air pollutants, and use of transportation vehicles also causes road congestion, accidents, and (less important) pavement damage.