FISCAL AND ENVIRONMENTAL GAIN FROM REMOVING SUBSIDIES

Digital Art on Metal 40" W X 30" H

For data sources click here.

THE SCIENCE

Click to view the science from which this piece was inspired!

WHAT'S INSPIRING:  

According to the International Monetary fund, “The fiscal, environmental, and welfare impacts of energy subsidy reform are potentially enormous. Eliminating post-tax subsidies in 2015 could raise government revenue by $2.9 trillion (3.6 percent of global GDP), cut global CO2 emissions by more than 20 percent, and cut pre-mature air pollution deaths by more than half. After allowing for the higher energy costs faced by consumers, this action would raise global economic welfare by $1.8 trillion (2.2 percent of global GDP).”

VISUALIZE THE ART IN SPACES