|
|
|
|
| LEADER |
01721nmm a2200229 u 4500 |
| 001 |
EB002080551 |
| 003 |
EBX01000000000000001220641 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
220928 ||| eng |
| 020 |
|
|
|a 9781498342391
|
| 245 |
0 |
0 |
|a Energy Subsidy Reform
|b Lessons and Implications
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2013
|
| 300 |
|
|
|a 68 pages
|
| 710 |
2 |
|
|a International Monetary Fund
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a Policy Papers
|
| 028 |
5 |
0 |
|a 10.5089/9781498342391.007
|
| 856 |
4 |
0 |
|u http://elibrary.imf.org/view/journals/007/2013/004/007.2013.issue-004-en.xml
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a 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
|