Energy Subsidy Reform: Lessons and Implications

editor score
Editor Score:
75
editor score
Quality:
80
editor score
Usability:
70
editor score
Reliability:
85
Asset Type
License
Free
Expiration
Monday, June 17, 2024
Publication year
2013
Energy Trend 2014
Carbon
Shale gas
LNG
Industry
Energy/Utility
Energy Sub-sector
All

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. On a "pre-tax" basis, subsidies for petroleum products, electricity, natural gas, and coal reached $480 billion in 2011 (0.7 percent of global GDP or 2 percent of total government revenues). Removing these subsidies could lead to a 13 percent decline in CO2 emissions and generate positive spillover effects by reducing global energy demand.

Yegii expert:
Publisher:
International Monetary Fund
Time horizon:
Decade(s)
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