05155oam 22013094 450 991107738370332120260430111040.09798400256721(CKB)5470000003738417(IMF)1BRNEA20230021BRNEA2023002(DGPO)001117262(EXLCZ)99547000000373841720020129d2023 uf 0engtxtrdacontentcrdamediacrrdacarrierBrunei Darussalam : Selected IssuesWashington, D.C. :International Monetary Fund,2023.1 online resource (72 pages)IMF Staff Country Reports9798400257223 This Selected Issues paper discusses the potential role of carbon pricing for climate mitigation and revenue diversification strategy in Brunei Darussalam. Carbon pricing schemes are gaining momentum worldwide, including in Asia. The paper provides guidance on the choice between carbon taxes and emissions trading systems and their design. The paper compares the impact of several mitigation policies modelled for illustration in Brunei Darussalam. All policies reduce carbon dioxide emissions below baseline levels by 10-50 percent by 2030, with most of the reductions coming from the power generation and industry sectors. The policies also raise revenues equivalent to 1.6–7.2 percent of gross domestic product above the baseline in 2030. The policy yielding the most of emissions reduction and the most revenues is the combination policy of a carbon tax reaching $50 per tonne by 2030 and the fuel subsidies phase-out. The policy yielding smallest emissions reduction and revenues is feebates.IMF Staff Country Reports; Country Report ;No. 2023/347Brunei DarussalamBanks and BankingimfCarbon taximfClimate changeimfClimateimfDeflationimfEmissions tradingimfEnergy: Demand and SupplyimfEnvironmentimfEnvironmental Conservation and ProtectionimfEnvironmental EconomicsimfEnvironmental economicsimfEnvironmental impact chargesimfEnvironmental Taxes and SubsidiesimfFinancial services law & regulationimfFiscal PolicyimfFiscal policyimfFiscal stanceimfGlobal WarmingimfGreenhouse gas emissionsimfGreenhouse gasesimfInflationimfInternational agenciesimfInternational Agreements and ObservanceimfInternational EconomicsimfInternational institutionsimfInternational organizationimfInternational OrganizationsimfMacroeconomicsimfMonetary economicsimfMonetary PolicyimfMonetary policyimfMoney and Monetary PolicyimfNatural Disasters and Their ManagementimfPrice LevelimfPricesimfPublic finance & taxationimfRedistributive EffectsimfTaxation and Subsidies: ExternalitiesimfTaxationimfTaxesimfBrunei DarussalamimfBanks and BankingCarbon taxClimate changeClimateDeflationEmissions tradingEnergy: Demand and SupplyEnvironmentEnvironmental Conservation and ProtectionEnvironmental EconomicsEnvironmental economicsEnvironmental impact chargesEnvironmental Taxes and SubsidiesFinancial services law & regulationFiscal PolicyFiscal policyFiscal stanceGlobal WarmingGreenhouse gas emissionsGreenhouse gasesInflationInternational agenciesInternational Agreements and ObservanceInternational EconomicsInternational institutionsInternational organizationInternational OrganizationsMacroeconomicsMonetary economicsMonetary PolicyMonetary policyMoney and Monetary PolicyNatural Disasters and Their ManagementPrice LevelPricesPublic finance & taxationRedistributive EffectsTaxation and Subsidies: ExternalitiesTaxationTaxesDcWaIMFBOOK9911077383703321Brunei Darussalam4606938UNINA