Government subsidies for fossil fuel use in Australia

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Total fossil fuel subsidies worth almost $9 billion have been identified by research in Australia.[1]

These subsidies include:

Contents

Fossil fuel producer subsidies

  • greenhouse gas abatement program
  • non-recovery of public agency costs
  • petroleum exploration tax concessions
  • research and development
  • direct subsidies to fossil fuel development projects

Fossil fuel consumer subsidies

  • diesel fuel rebate scheme
  • exemption from excise for alternative fuels
  • concessional rate of excise for fuel oil, heating oil and kerosene
  • concessional rate of excise for aviation fuel
  • excise free status for condensate

Electricity subsidies

  • subsidised supply of electricity to aluminium smelters
  • state energy supply concessions
  • electricity pricing structures
  • subsidies for centralised generation

Road transportation subsidies

  • subsidy identification
  • road network costs
  • road user revenue

Significant specific subsidies

Significant specific subsidies for fossil fuel use have been calculated for:

  • Greenhouse Gas Abatement Program (GGAP)
  • Geoscience Australia – non-recovery of costs
  • DITR – non-recovery of costs
  • State agencies – non-recovery of costs
  • Special company tax deductions for petroleum exploration
  • Research and development
  • Stuart Oil Shale excise and royalty exemption
  • Timor Sea Treaty projects
  • Excise exemption for alternative fuels
  • Concessional rate of excise for fuel oil, heating oil and kerosene
  • Concessional rate of excise for aviation fuel
  • Subsidised supply of electricity to aluminium smelters
  • State electricity supply subsidies for low income households
  • Subsidy to motorists
  • Diesel and Alternative Fuels Grants Scheme
  • Fuel Sales Grants Scheme
  • Availability of statutory formula method for FBT on employer-provided cars

References

  1. Subsidies that Encourage Fossil Fuel Use in Australia (PDF), Working Paper CR2003/01 36
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