IEA analysis of fossil-fuel subsidies for APEC

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Billion dollarsIranSaudi ArabiaRussiaIndiaChinaEgyptVenezuelaUAEIndonesiaUzbekistanIraqAlgeriaMexicoThailandUkraineKuwaitPakistanArgentinaMalaysiaBangladeshTurkmenistanKazakhstanLibyaQatarEcuadorFossil-fuel consumption subsidiesfor top twenty-five countries, 20109080706050403020100ElectricityCoalNatural gasOilOil products had the largest subsidies at $193 billion, followed by natural gas at $91 billion,while fossil-fuel subsidies resulting from the under-pricing of electricity reached $122 billion© OECD/IEA 2011
Fossil-fuel subsidies can haveunintended effectsFossil-fuel subsidies result in an economically inefficient allocation of resources and marketdistortions, while often failing to meet their intended objectives© OECD/IEA 2011
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Page 9 and 10: Quantifying fossil-fuel consumption
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IEA analysis of fossil-fuel subsidies for APEC

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