Preparing for the Green Transition in Fossil Fuel Exporters | COP28

The global energy transition poses macroeconomic challenges for fossil fuel exporting countries, including more uncertain hydrocarbon revenues, exports and investment inflows. How will these countries be impacted in the next decade and what policies can they adopt to harness opportunities in the transition to a lower carbon economy and mitigate possible macroeconomic disruptions? Panelists will share views on the scale of the challenge, as well as fiscal policy and diversification priorities to respond in a timely and coordinated way.
PANELISTS:
Fahad Alajlan, President, King Abdullah Petroleum Studies and Research Center (KAPSARC)
Melissa C. Lott, Senior Director of Research, SIPA Center on Global Energy Policy; Professor, Columbia Climate School at Columbia University
Mary Burce Warlick, Deputy Executive Director, International Energy Agency (IEA)
Diego Mesa Puyo, Deputy Chief, Climate Policy Division, IMF
Moderator: Eleni Giokos, CNN

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Does the IMF have any estimates on how much governments make from its taxes on fossil fuels? How does this measure up against the 1.3 trillion on direct subsidies?

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