Analysis of the Scope of Energy Subsidies and Suggestions for the G-20 Initiative
When the G-20 leaders met on 24-25 September 2009 in Pittsburgh, USA, they agreed in their Communiqué that, building on the efforts of many countries to, reduce fossil fuel subsidies while preventing adverse impact on the poorest?, they were commit...
Main Authors: | , , , |
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Format: | Report |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/959281468160496244/Analysis-of-the-scope-of-energy-subsidies-and-suggestions-for-the-G-20-initiative http://hdl.handle.net/10986/27843 |
Summary: | When the G-20 leaders met on 24-25
September 2009 in Pittsburgh, USA, they agreed in their
Communiqué that, building on the efforts of many countries
to, reduce fossil fuel subsidies while preventing adverse
impact on the poorest?, they were committed to, rationalize
and phase out over the medium term inefficient fossil fuel
subsidies that encourage wasteful consumption. This draft
report has been developed jointly by the International
Energy Agency (IEA), Organization of the Petroleum Exporting
Countries (OPEC), Organization for Economic Cooperation and
Development (OECD) and World Bank in response to this
request. It draws on the relevant expertise and work of the
four tasked organizations, but also on input and comments
from other organizations and experts. The report includes:
a) discussion of the scope of energy subsidies; b) estimates
of energy subsidies, and identification of the gaps in the
existing data and issues around the measurement of energy
subsidies; c) modeling-based analysis of the implications of
phasing-out energy subsidies on the economy, including
socio-economic and trade impacts, the environment, and the
energy sector; and d) suggestions for the implementation of
phase-out of inefficient subsidies leading to wasteful
consumption, drawing on country case studies, including
discussion of how to address social impacts. |
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