Still Not Getting Energy Prices Right: A Global and Country Update of Fossil Fuel Subsidies

Payne Institute Fellow Ian Parry, Simon Black, and Nate Vernon write about a comprehensive global, regional, and country-level update of: (i) efficient fossil fuel prices to reflect their full private and social costs; and (ii) subsidies implied by mispricing fuels. The methodology improves over previous IMF analyses through more sophisticated estimation of costs and impacts of reform.  September 24, 2021.