Energy Subsidy Reform
By:Mr. Benedict J. Clements
Published on 2013-09-13 by International Monetary Fund
Energy 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.
This Book was ranked at 271 by Google Books for keyword International Taxes.
Book ID of Energy Subsidy Reform's Books is YYm1AQAAQBAJ, Book which was written by "Mr. Benedict J. Clements" have ETAG "7S3T8FKF+bs"
Book which was published by International Monetary Fund since 2013-09-13 have ISBNs, ISBN 13 Code is 1484339169 and ISBN 10 Code is 9781484339169
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