Recent Developments in Iran’s Energy Subsidy Reforms (GSI)

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In 2009, the International Energy Agency estimated that Iran’s subsidies for fossil-fuel consumption were US$66 billion, the highest of any country. In 2010, it took bold economic reforms to phase out energy subsidies. This policy brief by the Global Subsidies Initiative (GSI) outlines recent developments since the reforms were implemented and sheds some light on the impacts that the reforms have had.