Defne Gencer and Beatriz Arizu from the World Bank examine government support for the energy industry. A significant portion of the public budget is allocated to artificially lowering the cost
In 2009, G20 governments committed to phasing out and rationalizing inefficient fossil fuel subsidies in the medium term, but 14 years later, the countries spent a record amount of public
Fossil fuels subsidies impede sustainable development, drain national budgets and divert resources from other priorities such as health and education. In addition, they undermine public health and social welfare, driving
Despite increasing calls for reform many countries continue to provide subsidies for gasoline and diesel. This paper quantifies the external costs of global fuel subsidies using the latest available data
This GGKP working paper examines how obstacles to green fiscal reform (GFR) can be overcome through targeted mitigation measures for vulnerable groups, careful use of revenues raised, and complementary strategies and tools.
This book is about getting energy prices right, starting from the well-established principle that fiscal instruments must be center stage in “correcting” the major environmental side effects of energy use. It aims to
Jordan: Fuel Subsidy Reform Until 2005, Jordan supported high fuel subsidies for the state-owned petroleum company, leading to distortions in its fiscal stability. Beginning in 2004, the government put in place
Case Studies on Energy Subsidy Reform: Lessons and Implications (IMF 2013) This supplement presents country case studies reviewing energy subsidy reform experiences, including both successful and unsuccessful subsidy reforms over
Iran-The Chronicles of the Subsidy Reform (Guillaume, Zytek and Farzin, IMF 2011) On December 18, 2010, Iran increased domestic energy and agricultural prices by up to 20 times, making it
The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this
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