Front Matter
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 2 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 3 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
  • | 4 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund

Front Matter Page

Fiscal Affairs Department

Contents

  • Abstract

  • I. Introduction

  • II. Brief Overview of Shale Gas Industry

  • III. Environmental Risks and Policy Responses

    • A. Risks

    • B. The Role of Fiscal Policy

    • C. Alternatives to Taxes

    • D. Summary

  • IV. Fiscal Regimes

    • A. Fiscal Regimes

    • B. Modeling Strategy

    • C. Results

  • V. Conclusions

  • Tables

  • 1. Summary of Instruments to Address Environmental Risks of Shale Gas

  • 2. Parameters for Simulated Projects

  • Figures

  • 1. Growth of the US Shale Gas Industry

  • 2. Top Ten Countries’ Technically Recoverable Shale Gas Resources, 2013

  • 3. US Oil and Gas Prices

  • 4. Estimated Air Pollution Damages from on-Road Diesel Vehicles

  • 5. Impacts of Policies Limiting Shale Gas Production

  • 6. Economic Costs of Mispricing Water Supply

  • 7. Efficiency of Mitigation Policy Under Uncertainty

  • 8. Oklahoma’s Effective Royalty Tax on Natural Gas under Alternative Price

  • 9. METRs and Breakeven Gas Prices

  • 10. Average Effective Tax Rates

  • Boxes

  • 1. Trends in Natural Gas Prices

  • 2. The Regulation of Shale Gas Development in the United States

  • 3. Private Information and the Relative Efficiency of Liability vs. Regulations/Taxes.

  • 4. Common Advice on Extractive Industry Fiscal Regimes

  • 5. Indicators used in Fiscal Regime Analysis

  • 6. A Closer Look at Shale Incentives in Oklahoma

  • 7. Major Differences: Shale vs. Conventional Gas and US vs. Europe

  • Appendixes

  • A. Details of Fiscal Systems in the Sample Jurisdictions

  • B. Further Details on Representative Projects for Fiscal Regime Analysis

  • Appendix Tables

  • 1. North American Regimes

  • 2. Non-North American Regimes

  • References

How Should Shale Gas Extraction Be Taxed?
Author: Philip Daniel, Alan Krupnick, Ms. Thornton Matheson, Mr. Peter J. Mullins, Ian W.H. Parry, and Artur Swistak