Koplow_Subsidy reform in the US_fin dat Jan17

Microsoft PowerPoint - Koplow_Subsidy reform in the US_fin dat Jan17.pptx Fossil Fuel Subsidy Reform in the United States: Impediments and Opportunities Fossil Fuel Supply and Climate Policy: An International Conference September 26-27, 2016* Queen’s College Oxford, UK Doug Koplow Earth Track, Inc. [...] – From EPA and DOE to Treasury and the President – Elimination of selected key ff subsidies in most Obama budget proposals. [...] Constraints to Reform Powerful Opposition, the Fog of Money Since its inception, the U. [...] Average effect of subsidies analysed in the Permian Basin of Texas at $50 per barrel (average effect on production-weighted basis across all fields) 25% avg boost in baseline IRR Source: Erickson, Down, Lazarus, and Koplow, 2017 Forward Movement Mapping “Leakage” and “Carbon Abetment” Moving from National Averages to Project-Specific Impacts Figure 1. [...] Forward Movement Linking Subsidies to Projects and Problems Table 4: Impact of subsidies on undeveloped oil resources and GHG emissions (at $50/bbl) Economic oil Increase in economic oil resources, Percent resources due to subsidies Increase in net Area discovered but subsidy- GHG emissions not yet producing dependent (billion barrels) (Gt CO2) (Gt CO2) (billion barrels) Williston basin 4.1 59% 2..