List of energy storage subsidies in developed countries

How much do energy subsidies cost the world?

The world’s total, direct energy sector subsidies – including those to fossil fuels, renewables and nuclear power – are estimated to have been at least USD 634 billion in 2017. These were dominated by subsidies to fossil fuels, which account for around 70% (USD 447 billion) of the total.

How many fossil fuel subsidies are there in the world?

By combining existing estimates of subsidies to fossil fuels from the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA), this analysis finds the global total, direct fossil-fuel subsidies in 2017 to be at least USD 447 billion.

How do subsidies affect the energy sector?

Subsidies that support renewable technology deployment that lead to the displacement of fossil fuels when the negative externalities of fossil fuels remain unaddressed therefore help improve the economic eficiency of the energy sector. They do this by shifting energy generation and use towards technologies that reduce those negative externalities.

What is GSI's subsidy database?

GSI’s subsidy database is an interactive feature bringing together country-specific energy subsidy estimates for different energy types from a wide range of credible sources. This study gathers and analyzes data on Indian government support for fossil fuels and clean energy for fiscal years 2014–2022.

How many direct energy sector subsidies are there in 2017?

Combining the estimates of fossil fuel, renewable and nuclear power subsidies yields an estimate of total direct energy sector subsidies for 2017 of USD 634 billion (Figure 10). The total is dominated by the subsidies received by fossil fuels, which account for 70 % (USD 447 billion).

Where can I find fossil fuel subsidies data?

Data is now available through the .Stat Data Explorer, which also allows users to export data in Excel and CSV formats. IEA. Licence: CC BY 4.0 Value of fossil-fuel subsidies by fuel in the top 25 countries, 2022 - Chart and data by the International Energy Agency.