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Energy Subsidy Reform
Clements, Benedict J.; Coady, David; Fabrizio, Stefania; Gupta, Sanjeev; Trevor, Serge Coleridge Alleyne; Sdralevich, Carlo A.
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Description for Energy Subsidy Reform
Paperback. Num Pages: 184 pages. BIC Classification: KCN; KNB; RN. Category: (G) General (US: Trade). Dimension: 229 x 152. .
Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 ... Read more
Energy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 ... Read more
Product Details
Format
Paperback
Publication date
2013
Publisher
International Monetary Fund (IMF) United Kingdom
Language
Arabic
Number of pages
184
Condition
New
Number of Pages
184
Place of Publication
London, United Kingdom
ISBN
9781484389928
SKU
V9781484389928
Shipping Time
Usually ships in 5 to 9 working days
Ref
99-3
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