International Monetary Fund
World Bank GroupEnergy Pricing—Getting it Right
imf seminars event
DATE: October 7, 2015
DAY: Wednesday
3:30 PM - 4:45 PM Lima Time
LOCATION: National Theater
Overview
In recent years a proliferation of carbon pricing schemes has emerged in different guises across advanced and developing countries, and national and sub-national governments. These experiences provide useful lessons for governments considering the introduction of carbon pricing, or the strengthening of existing programs.
More generally, carbon pricing is an important component of a broader set of reforms needed to ensure both supply costs, and other environmental costs (e.g., air pollution) are reflected in energy prices. In fact mispricing of energy is quite pervasive across advanced and developing countries alike—IMF projections suggest that energy subsidies (including, most importantly, under-charging for environmental costs) will total $5.3 trillion in 2015, or 6.5 percent of GDP.
Related Link
Media Partners
Energy Pricing—Getting it Right
Responding to the Challenges of Climate Change
Panelists
Moderator: Martin Wolf
Martin Wolf is one of the UK’s foremost economists. He has been a forum fellow at the annual meeting of the World Economic Forum in Davos since 1999 and a member of its International Media Council since 2006. Martin’s most recent publications are The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis (Penguin Press, 2014), “Why Globalization Works” (Yale University Press, 2004), and “Fixing Global Finance” (Johns Hopkins University Press, 2008 and Yale University Press, 2009). His FT.com blog is Martin Wolf’s Exchange.
