The International Energy Agency (IEA) estimates global fossil fuel consumption subsidies that measure what many developing countries spend to provide below-market cost fuel to their citizens. In 2015, IEA estimated that global fossil fuel consumption subsidies--used by many developing countries to provide below-market cost fuel to their citizens--totaled $320 billion, 35 percent lower ($173 billion less) than in 2014.1 Among the factors in the decrease are lower international energy prices--particularly oil prices--and pricing reform. Oil subsidies accounted for 44 percent of total consumption subsidies (about $145 billion), followed by electricity subsidies of just over $100 billion. Natural gas consumption subsidies amounted to about $75 billion and coal subsidies to $1 billion. The United States does not have any consumption subsidies for oil, coal, electricity or natural gas.
