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OverviewEnergy subsidies have wide-ranging economic consequences. Although they are aimed at protecting consumers, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. Subsidies also distort resource allocation by encouraging excessive energy consumption, artificially promoting capital-intensive industries, reducing incentives for investment in renewable energy, and accelerating the depletion of natural resources. Most subsidy benefits are captured by higher-income households, reinforcing inequality. Even future generations are affected through the damaging effects of increased energy consumption on global warming. This book provides (1) the most comprehensive estimates of energy subsidies currently available for 176 countries and (2) an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions. Full Product DetailsAuthor: Benedict J. Clements , David Coady , Stefania Fabrizio , Sanjeev GuptaPublisher: International Monetary Fund (IMF) Imprint: International Monetary Fund (IMF) ISBN: 9781484389928ISBN 10: 1484389921 Pages: 184 Publication Date: 30 December 2013 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Language: Arabic Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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