Fossil fuel subsidies in Latin America and the Caribbean

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dc.contributor.authorEconomic Commission for Latin America and the Caribbean
dc.contributor.organizationScience Division
dc.contributor.otherAlatorre, José Eduardo
dc.coverage.spatialLatin America and the Caribbean
dc.date.accessioned2021-11-22T07:46:28Z
dc.date.available2021-11-22T07:46:28Z
dc.date.issued2021-09
dc.descriptionThis presentation reviews fossil fuel subsidies in Latin America and the Caribbean within the economic, social, and environmental dimensions of sustainable development. It outlines climate and energy-use context, including the share of emissions from energy use, sectoral energy consumption patterns, and growth in vehicle numbers. It links fossil fuel consumption to adverse health and welfare effects and contrasts low tax revenue with limited inequality reduction. Household-consumption results show that subsidies disproportionately benefit higher-income households. The slides present estimates of fossil fuel consumption subsidies, including 2020 levels and trends from 2010 to 2020, and describe them as expensive and as delaying renewable adoption. Concluding remarks call for reform, reevaluation of schemes, and measurement of subsidy magnitude and destination to assess efficiency.en
dc.description.urihttps://www.unep.org/regions/latin-america-and-caribbean/regional-initiatives/keeping-environment-under-review/sdgs
dc.formatText
dc.identifier.urihttps://wedocs.unep.org/handle/20.500.11822/37473
dc.languageEnglish
dc.page.number12 pages
dc.rights.accessLevelPublic
dc.subjectfossil fuel
dc.subjectLatin America and the Caribbean
dc.subjectclimate change
dc.subjectrenewable energy source
dc.subject.sdgSDG 12 - Responsible Consumption and Production
dc.subject.themeresources
dc.subject.themeresource efficiency
dc.titleFossil fuel subsidies in Latin America and the Caribbeanen
dc.typeMeeting resource

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