Energy Subsidy Reform: Lessons and Implications

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Energy subsidies have wide-ranging economic consequences. While 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 ...

Energy Subsidy Reform: Lessons and Implications 2013, International Monetary Fund, Washington, DC

ISBN-13: 9781475558111

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