EconPapers    
Economics at your fingertips  
 

How Should Shale Gas Extraction Be Taxed?

Philip Daniel, Alan Krupnick, Thornton Matheson, Peter Mullins, Ian Parry and Artur Swistak

No 2017/254, IMF Working Papers from International Monetary Fund

Abstract: This paper suggests that the environmental and commercial features of shale gas extraction do not warrant a significantly different fiscal regime than recommended for conventional gas. Fiscal policies may have a role in addressing some environmental risks (e.g., greenhouse gases, scarce water, local air pollution) though in some cases their net benefits may be modest. Simulation analyses suggest, moreover, that special fiscal regimes are generally less important than other factors in determining shale gas investments (hence there appears little need for them), yet they forego significant revenues.

Keywords: WP; government; price; shale gas; air pollution; environmental risks; corrective taxes; liability; fiscal regime design; simulated projects; marginal effective tax rates; State common law; gas price; government share; fiscal regime; water quality; pre-existing gas pipeline infrastructure; supply curve; processing facility; regime design; Fuel prices; Natural gas sector; Oil prices; Oil; North America; Europe (search for similar items in EconPapers)
Pages: 39
Date: 2017-11-16
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45410 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2017/254

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

 
Page updated 2025-03-30
Handle: RePEc:imf:imfwpa:2017/254