Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in Egypt.
The coronavirus crisis is a window of opportunity to transform the economy and especially, to make it “green.” Previous economic crises such as the financial crisis
Cuts in energy subsidies and expansion of solar and wind power driving Egypt’s energy transformation
1 November 2019: The government has recently slashed energy subsidies as part of a series of fiscal reforms, reducing public spending on subsidies from a
Despite widespread agreement among experts about the benefits of reforming fossil fuel subsidies, repeated international commitments to eliminate them, and valiant efforts by some countries
7 February 2018 – Egypt’s fuel subsidies have jumped by 34 percent in the fist half of the 2017-18 fiscal year, the Egyptian oil minister said
6 July 2017 – Egypt’s electricity and energy minister announced an increase in electricity prices between 18 and 42 per cent depending on consumption. The
This Policy Research working paper is a product of the Energy and Extractives Global Practice Group at the World Bank Group. The paper provides an
In July 2014, Egypt introduced long-awaited energy subsidy cuts. These had been in the pipeline for over five years, but repeatedly delayed. This paper seeks
Fossil-Fuel Subsides: A barrier to renewable energy in five Middle East and North African countries (IISD)
The paper explores the current status of fossil fuel subsidies and renewable energy in five Middle East and North African (MENA) countries – Egypt, Jordon,