>Oil Subsidies: Costly and Rising

Reducing subsidies worldwide can bring substantial environmental benefits and create much - needed fiscal space

Who subsidizes?
Whereas all pretax subsidies are found in emerging and developing economies, advanced economies account for a sizable share of tax-inclusive subsidies. Of projected pretax subsidies totaling $250 billion in 2010, emerging economies account for 65 percent, developing economies for the remaining 35 percent. Of projected tax-inclusive subsidies of $740 billion in 2010, emerging economies account for 57 percent, developing economies 20 percent, and advanced economies the remaining 23 percent.

To see full snapshot: OIL SUBSIDIES