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IEA analysis of fossil-fuel subsidies for APEC

IEA analysis of fossil-fuel subsidies for APEC

IEA analysis of fossil-fuel subsidies for APEC

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Billion dollarsIranSaudi ArabiaRussiaIndiaChinaEgyptVenezuelaUAEIndonesiaUzbekistanIraqAlgeriaMexicoThailandUkraineKuwaitPakistanArgentinaMalaysiaBangladeshTurkmenistanKazakhstanLibyaQatarEcuadorFossil-<strong>fuel</strong> consumption <strong>subsidies</strong><strong>for</strong> top twenty-five countries, 20109080706050403020100ElectricityCoalNatural gasOilOil products had the largest <strong>subsidies</strong> at $193 billion, followed by natural gas at $91 billion,while <strong>fossil</strong>-<strong>fuel</strong> <strong>subsidies</strong> resulting from the under-pricing <strong>of</strong> electricity reached $122 billion© OECD/<strong>IEA</strong> 2011

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