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| Oil and Gas Policies in the World's Major Countries |
| Kang Yu1, Chen Jianrong1, Huang Liwei2 |
1. CNPC Economics and Technology Research Institute;
2. CNPC Safety and Environmental Protection Research Institute |
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| Guide |
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Abstract Revolutionary adjustments were made to the global energy structure in 2017. For the first time, OPEC cooperated with non-OPEC countries to reach an agreement on production curtailment in order to stabilize the oil and gas market. On the one hand, host countries have introduced various fiscal and tax incentive policies to attract investment in the oil and gas industry; on the other, the lack of fiscal revenue has been made up for and the low-carbon environmental protection policy supported by imposing a value-added tax and environmental protection tax. Major consumers have introduced a timetable for the sales prohibition of fuel vehicles and supported the development of new energy vehicles with fiscal and taxation policies. However, from the perspective of the full life cycle, the promotion of electric vehicles is only conducive to partially improving the environment and is not the optimal choice for national energy structure optimization. Electric vehicles will have real significance for environmental protection only after clean electric power is solved. As such, implementing the sales prohibition of fuel vehicles with administrative power goes against market discipline.
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Published: 12 January 2019
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