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Implicit subsidies
08/08/2023
More than USD 7 trillion annually, equivalent to 8% of the world economy, is associated with implicit subsidies to agriculture, fisheries and fossil fuels.
Los subsidios implícitos a la agricultura, la pesca y los combustibles fósiles como la contaminación, las emisiones de gases de efecto invernadero, la congestión vial y la destrucción de la naturaleza suman más de USD 7 billones anuales representando el 8 % del valor de la economía mundial (Damania, et al., 2023).
Damania, Richard; Balseca, Esteban; de Fontaubert, Charlotte; Gill, Joshua; Kim, Kichan; Rentschler, Jun; Russ, Jason; Zaveri, Esha. 2023. Detox Development: Repurposing Environmentally Harmful Subsidies. © Washington, DC : World Bank. https://opsaa.iica.int/resource-1036-desarrollo-detox:-reutilizacion-de-subvenciones-perjudiciales-para-el-medio-ambiente
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Instruments:
- Payments or subsidies to the producer based on farm services (mechanization, etc.)
- Payments or subsidies to the producer for the acquisition of fixed assets (fixed capital formation)
- Payments or subsidies to the producer based on agricultural production
- Payments or subsidies for the acquisition of variable inputs (eg fertilizers)
- Consumer prices subsidies for agrifood products
- Subsidies to interest rates on agricultural loans
- Support or subsidy for the acquisition of production assets
- Support or subsidy for agricultural producer prices
- Incentives or subsidies for the adoption of good sustainable production practices