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240607 ||| eng |
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|a 9798400255007
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| 100 |
1 |
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|a Ari, Anil
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| 245 |
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|a Energy Support for Firms in Europe: Best Practice Considerations and Recent Experience
|c Anil Ari, Philipp Engler, Gloria Li, Manasa Patnam, Laura Valderrama
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 27 pages
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| 653 |
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|a Energy: Demand and Supply
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| 653 |
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|a Environmental Conservation and Protection
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| 653 |
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|a Finance
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| 653 |
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|a National Government Expenditures and Related Policies
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| 653 |
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|a Financial sector policy and analysis
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| 653 |
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|a Environmental Taxes and Subsidies
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| 653 |
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|a Economics of specific sectors
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| 653 |
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|a Currency crises
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| 653 |
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|a Energy and the Macroeconomy
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| 653 |
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|a Liquidation
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Taxation and Subsidies: Externalities
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| 653 |
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|a Energy prices
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| 653 |
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|a Energy: Government Policy
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| 653 |
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|a Economic & financial crises & disasters
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| 653 |
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|a Energy pricing
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| 653 |
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|a Conservation of the environment
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| 653 |
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|a Bankruptcy
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| 653 |
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|a Environment
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| 653 |
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|a Economics: General
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| 653 |
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|a Debt
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| 653 |
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|a Informal sector; Economics
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| 653 |
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|a Fuel prices
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| 653 |
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|a Expenditure
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| 653 |
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|a Crisis Management
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| 653 |
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|a Solvency
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| 653 |
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|a Energy conservation
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Prices
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| 653 |
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|a Public Finance
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| 653 |
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|a Governmental Loans, Loan Guarantees, Credits, and Grants
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| 653 |
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|a Energy industries & utilities
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| 653 |
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|a Finance: General
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| 653 |
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|a Redistributive Effects
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| 700 |
1 |
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|a Engler, Philipp
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| 700 |
1 |
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|a Li, Gloria
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| 700 |
1 |
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|a Patnam, Manasa
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9798400255007.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2023/197/001.2023.issue-197-en.xml?cid=539372-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The surge in energy prices due to Russia’s February 2022 invasion of Ukraine significantly increased costs for European firms, prompting governments to introduce a range of support schemes. Although energy prices had eased by early 2023, uncertainty around prices remains unusually large. Against this backdrop, this paper examines the case for government intervention and identifies best practices with a view to improving the design of existing energy support schemes, facilitating exit from those schemes, and preparing policymakers for a downside scenario in which energy prices flare up again. The paper argues that support should be limited in size, strictly temporary in nature, narrowly targeted, and accompanied by strong safeguards and conditionality, while preserving price signals as much as possible to encourage energy conservation. Finally, the paper reviews recent support schemes introduced by European governments in light of the identified best practice considerations
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