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Energy Subsidy Reform - Lessons and Implications

Bibliographic Data

ID9745363
AuthorsInternational Monetary Fund
Year2013
Volume13
Issue4
Publication date2013-01-28
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenuePolicy Papers (JOURNAL)
Journal identifiersISSN: 2663-3493 • E-ISSN: 2663-3507
PublisherInternational Monetary Fund (IMF) (PUBLISHER)
DOI10.5089/9781498342391.007
OpenAlexW4230169461
ISBN9781498342391
LanguageEN
Citations received22
References cited1

Energy subsidies have wide-ranging economic consequences. While 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 paper provides: (i) the most comprehensive estimates of energy subsidies currently available for 176 countries; and (ii) an analysis of ?how to do energy subsidy reform, drawing on insights from 22 country case studies undertaken by IMF staff and analyses carried out by other institutions

Consumption · Energy subsidies · Investment · Climate Change Policy and Economics · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth

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Unique citing works22
Citations per year1,69
Citation span2013 - 2025 (13)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 20

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