• Energy Subsidy Reform: Lessons And Implications

Energy Subsidy Reform: Lessons And Implications

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    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 countries and (2) an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.

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      Additional Information

      Author

      Benedict J. Clements

      Author

      David Coady

      Author

      Stefania Fabrizio

      Binding

      Kindle Edition

      Creator

      Benedict Clements

      Creator

      David Coady

      Creator

      Stefania Fabrizio

      Creator

      Sanjeev Gupta

      Creator

      Trevor Alleyne

      Creator

      Carlo Sdralevich

      EISBN

      9781475532524

      Format

      Kindle eBook

      Label

      INTERNATIONAL MONETARY FUND

      Manufacturer

      INTERNATIONAL MONETARY FUND

      NumberOfPages

      184

      ProductGroup

      eBooks

      ProductTypeName

      ABIS_EBOOKS

      PublicationDate

      2013-09-13

      Publisher

      INTERNATIONAL MONETARY FUND

      ReleaseDate

      2013-09-13

      Studio

      INTERNATIONAL MONETARY FUND

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