The Economics And Political Economy Of Energy Subsidies

Author : Jon Strand
Publisher : MIT Press
Page : 291 pages
File Size : 43,5 Mb
Release : 2016-08-05
Category : Business & Economics
ISBN : 9780262034647

Get Book

The Economics and Political Economy of Energy Subsidies by Jon Strand Pdf

The economic and political aspects of energy subsidies, viewed both theoretically and empirically, with a focus on fossil fuel subsidies in developing nations. Government subsidies to energy are widespread and represent a heavy burden on public budgets in many countries. Both producers and consumers may be subsidized; the most common subsidies are for motor fuel consumption and electricity production and consumption. The subsidies to consumers often prove particularly harmful because they result in increased energy consumption, increased carbon emissions, and distortionary effects on consumer behavior. This book fills a void in the literature by providing a first, broad and diverse, analysis of several aspects of the economic and political economy aspects of government energy subsidies. The contributors take both theoretical and empirical approaches, with most of the focus on subsidies to fuel and electricity in non-OECD countries. The chapters cover such topics as energy pricing, reelection incentives for politicians that may encourage excessive subsidies; political corruption and “bribing equilibria,” the the “resource curse” in developing countries when the gains from natural resource windfalls are largely wasted, the “entitlement” of energy subsidies in autocracies, and distributional issues when subsidies targeted to the poor are removed in high-income countries. One chapter discusses nonharmful subsidies: the potential economic effects of subsidizing the manufacturing and deployment of renewable energy. Contributors Carolyn Fischer, Mads Greaker, Mohammad Habibpour, Michelle Harding, Christina Kolerus, Christos Kotsogiannis, Jim Krane, Alber Touna Mama, Raffaele Miniaci, Marco Pani, Ian Parry, Carlo Perroni, Leonzio Rizzo, Knut Einar Rosendahl, Carlo Scarpa, Neda Seiban, Suphi Sen, Jon Strand, Paola Valbonesi, Herman Vollebergh

Author : Gabriela Inchauste,David G. Victor
Publisher : World Bank Publications
Page : 270 pages
File Size : 53,8 Mb
Release : 2017-03-22
Category : Business & Economics
ISBN : 9781464810084

Get Book

The Political Economy of Energy Subsidy Reform by Gabriela Inchauste,David G. Victor Pdf

This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary because the underlying political economy problems vary. When benefits are concentrated, satisfying (or isolating) interest groups with alternative policies is an important condition for effective reform. When benefits are diffuse, it can be much harder to identify and manage the political coalition needed for reform. Third, governments vary in their administrative and political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often critical to the success of reforms because they make it possible to target assistance to those most in need. Finally, the most interesting cases involve governments that take a strategic approach to the challenges of political economy. In these settings, fixing energy subsidies is central to the governments’ missions of retaining political power and reorganizing how the government delivers benefits to the population. These cases are examples of “reform engineering,†? where governments actively seek to create the capacity to implement alternative policies, depoliticize tariffs, and build credibility around alternative policies. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them.

Author : Gabriela Inchauste,David G. Victor
Publisher : Directions in Development
Page : 0 pages
File Size : 50,6 Mb
Release : 2017
Category : Business & Economics
ISBN : 1464810079

Get Book

The Political Economy of Energy Subsidy Reform by Gabriela Inchauste,David G. Victor Pdf

This volume proposes a simple framework to understand the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 reform episodes. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them

Author : Jakob Skovgaard,Harro van Asselt,Harro Dirk Asselt
Publisher : Cambridge University Press
Page : 349 pages
File Size : 47,7 Mb
Release : 2018-08-23
Category : Business & Economics
ISBN : 9781108416795

Get Book

The Politics of Fossil Fuel Subsidies and Their Reform by Jakob Skovgaard,Harro van Asselt,Harro Dirk Asselt Pdf

This comprehensive volume provides the first book-length account on the politics of fossil fuel subsidies. This title is also available as Open Access.

Author : Mr.Christian Ebeke,Mr.Constant Lonkeng Ngouana
Publisher : International Monetary Fund
Page : 30 pages
File Size : 47,9 Mb
Release : 2015-05-06
Category : Business & Economics
ISBN : 9781475580747

Get Book

Energy Subsidies and Public Social Spending by Mr.Christian Ebeke,Mr.Constant Lonkeng Ngouana Pdf

This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subject to bottlenecks, reflecting weak domestic institutions. We test this and other predictions of our model using a large cross-section of emerging markets and low-income countries. The main empirical challenge is that subsidies and social spending could be jointly determined (e.g., at the time of the budget), leading to a simultaneity bias in OLS estimates. To address this concern, we adopt an identification strategy whereby subsidies in a given country are instrumented by the level of subsidies in neighboring countries. Our Instrumental Variable (IV) estimations suggest that public expenditures in education and health were on average lower by 0.6 percentage point of GDP in countries where energy subsidies were 1 percentage point of GDP higher. Moreover, we find that the crowding-out was stronger in the presence of weak domestic institutions, narrow fiscal space, and among the net oil importers.

Author : Jun Rentschler
Publisher : Routledge
Page : 236 pages
File Size : 48,7 Mb
Release : 2018-04-27
Category : Political Science
ISBN : 9781351175814

Get Book

Fossil Fuel Subsidy Reforms by Jun Rentschler Pdf

Countries around the world are spending up to $500 billion per year on subsidising fossil fuel consumption. By some estimates, the G20 countries alone are spending around another $450 billion on subsidising fossil fuel production. In addition, the indirect social welfare costs of these subsidies have been shown to be substantial – for instance due to air pollution, road congestion, climate change, and economic inefficiency, to name a few. Considering these numbers, there is no doubt that fossil fuel subsidies cause severe economic distortions that compromise countries’ prospects of achieving equitable and sustainable development. This book provides a guide to the complex challenge of designing, assessing, and implementing effective fossil fuel subsidy reforms. It shows that subsidy reform requires a careful balancing of complex economic and political trade-offs, as well as measures to mitigate adverse effects on vulnerable households and to assist firms with implementing efficiency enhancing measures. Going beyond the purely fiscal perspective, this book emphasises that smart subsidy reforms can contribute to all three dimensions of sustainable development – environment, society, and economy. Over the course of eight chapters, this book considers a wide range of agents and stakeholders, markets, and policy measures in order to distil the key principles of designing effective fossil fuel subsidy reforms. This book will be of great relevance to scholars and policy makers with an interest in energy economics and policy, climate change policy, and sustainable development more broadly.

Author : Thijs Van de Graaf,Benjamin K. Sovacool,Arunabha Ghosh,Florian Kern,Michael T. Klare
Publisher : Springer
Page : 743 pages
File Size : 44,7 Mb
Release : 2016-08-05
Category : Political Science
ISBN : 9781137556318

Get Book

The Palgrave Handbook of the International Political Economy of Energy by Thijs Van de Graaf,Benjamin K. Sovacool,Arunabha Ghosh,Florian Kern,Michael T. Klare Pdf

This Handbook is the first volume to analyse the International Political Economy, the who-gets-what-when-and-how, of global energy. Divided into five sections, it features 28 contributions that deal with energy institutions, trade, transitions, conflict and justice. The chapters span a wide range of energy technologies and markets - including oil and gas, biofuels, carbon capture and storage, nuclear, and electricity - and it cuts across the domestic-international divide. Long-standing issues in the IPE of energy such as the role of OPEC and the ‘resource curse’ are combined with emerging issues such as fossil fuel subsidies and carbon markets. IPE perspectives are interwoven with insights from studies on governance, transitions, security, and political ecology. The Handbook serves as a potent reminder that energy systems are as inherently political and economic as they are technical or technological, and demonstrates that the field of IPE has much to offer to studies of the changing world of energy.

Author : Andreas Goldthau,Michael F. Keating
Publisher : Edward Elgar Publishing
Page : 416 pages
File Size : 51,7 Mb
Release : 2018-01-26
Category : Business & Economics
ISBN : 9781783475636

Get Book

Handbook of the International Political Economy of Energy and Natural Resources by Andreas Goldthau,Michael F. Keating Pdf

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment.

Author : Paolo Verme,Abdlekrim Araar
Publisher : Springer
Page : 325 pages
File Size : 51,9 Mb
Release : 2017-04-21
Category : Political Science
ISBN : 9783319529264

Get Book

The Quest for Subsidy Reforms in the Middle East and North Africa Region by Paolo Verme,Abdlekrim Araar Pdf

This book is an analysis of energy and food subsidies in the MENA region between 2010 and 2014. Using the World Bank’s proprietary SUBSIM model, the book studies the distribution of subsidies and the simulation of subsidy reforms across eight countries within in a partial equilibrium framework. The distributional analysis of subsidies provides information on who benefits from existing subsidies, while the simulations of subsidy reforms provide information on the outcomes of the reforms in terms of government budget, household welfare, poverty, inequality, and the trade-offs between these outcomes. This focus provides governments with the essential information they need to make decisions on subsidy reforms and consumers with a clear sense of which programs and reforms are successful. The book highlights the historical roots of subsidies, the real trigger of subsidy reforms, and the complexity of subsidy reforms. It discusses the pros and cons of radical and gradualist approaches to reforms, the use of compensation mechanisms and their implications, the advantages and disadvantages of public information campaigns, the political economy of targeting different economic populations, the political timing of reforms, and whether, overall, the reforms observed in the MENA region have been successful. The first book on subsidies in the MENA region that is based on primary micro data, this book is useful for researchers and graduate students studying political economy and working with microsimulation modelling instruments as well as government officials engaged in subsidies reforms, research institutes and private consulting groups advising governments on subsidy reforms.

Author : Douglas Arent,Channing Arndt,Mackay Miller,Finn Tarp,Owen Zinaman
Publisher : Oxford University Press
Page : 631 pages
File Size : 42,7 Mb
Release : 2017-03-30
Category : Business & Economics
ISBN : 9780192523006

Get Book

The Political Economy of Clean Energy Transitions by Douglas Arent,Channing Arndt,Mackay Miller,Finn Tarp,Owen Zinaman Pdf

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The 21st Conference of the Parties (CoP21) to the United Nations Framework Convention on Climate Change (UNFCCC) shifted the nature of the political economy challenge associated with achieving a global emissions trajectory that is consistent with a stable climate. The shifts generated by CoP21 place country decision-making and country policies at centre stage. Under moderately optimistic assumptions concerning the vigour with which CoP21 objectives are pursued, nearly every country will attempt to design and implement the most promising and locally relevant policies for achieving their agreed contribution to global mitigation. These policies will vary dramatically across countries as they embark on an unprecedented era of policy experimentation in driving a clean energy transition. This book steps into this new world of broad-scale and locally relevant policy experimentation. The chapters focus on the political economy of clean energy transition with an emphasis on specific issues encountered in both developed and developing countries. The authors contribute a broad diversity of experience drawn from all major regions of the world, representing a compendium of what has been learned from recent initiatives, mostly (but not exclusively) at country level, to reduce GHG emissions. As this new era of experimentation dawns, their contributions are both relevant and timely.

Author : Lucky E. Asuelime,Andrew Emmanuel Okem
Publisher : Routledge
Page : 190 pages
File Size : 51,9 Mb
Release : 2017-09-29
Category : Business & Economics
ISBN : 9781351672108

Get Book

The Political Economy of Energy in Sub-Saharan Africa by Lucky E. Asuelime,Andrew Emmanuel Okem Pdf

A deepening ecological crisis is rearing its head in sub-Saharan Africa, as it faces a myriad of challenges in regards to the development of its energy sector. The ‘dirty now and clean up later’ approach to the environment has a strong appeal, particularly because it is often thought of as the last place to try to edge in another priority - especially if that priority is perceived by many to be an economic luxury. Asuelime and Okem bring together a team of specialist contributors who investigate to what extent sub-Saharan Africa has displayed foresight or politico-economic integrity. The book shows the state’s ability to meet the demands of provision of energy in sub-Saharan Africa has led to heavy investments in infrastructure, transmission and distribution of energy to the citizens. However, the inefficiencies, corruption and unhealthy bureaucratic challenges that accompany this have led urgent problems, which will be thoroughly explored in this book. The Political Economy of Energy in Sub-Saharan Africa will be of interest to students and scholars of African Studies, Development Studies, political science and environment.

Author : Mark Cooper
Publisher : Bloomsbury Publishing USA
Page : 468 pages
File Size : 43,6 Mb
Release : 2017-04-24
Category : Business & Economics
ISBN : 9781440853432

Get Book

The Political Economy of Electricity by Mark Cooper Pdf

Providing critical insights that will interest readers ranging from economists to environmentalists, policymakers, and politicians, this book analyzes the economics and technology trends involved in the dilemma of decarbonization and addresses why aggressive policy is required in a capitalist political economy to create a sea change away from fossil fuels. The environmental damage across the globe is a result of the success of capitalist industrialism—250 years of carbon pollution resulting from consumption of fossil fuels to drive the economy and the worldwide aspiration to ever-increasing levels of economic development. But capitalism has also produced the tools to solve the problems it has created in the form of a technological revolution in low-carbon renewables, distributed resources, and intelligent systems to integrate supply and demand. This book comprehensively examines the political economy of electricity and analyzes the challenge of transforming today's electricity sector to meet the dual goals of decarbonization and development expressed in the Paris Agreement. Author Mark Cooper defines the dilemma of development and decarbonization as the great challenge facing the electricity industry and documents how the economic resources costs of a 100 percent-renewable portfolio has declined to the point that decarbonization can pay for itself, making the low-carbon renewable technologies that enable desired environmental and public-health benefits an easy sell. He identifies the substantial benefit of increasing use of information, communications, and advanced control technologies; shows how targeted innovation could speed the transition by a decade or two and lower the overall cost of the transition by as much as half; and explains why the flexible, multi-stakeholder approach of the Paris Agreement is the correct approach.

Author : Kym Anderson
Publisher : Unknown
Page : 44 pages
File Size : 43,7 Mb
Release : 1995
Category : Coal mines and mining
ISBN : UCSD:31822018740290

Get Book

The Political Economy of Coal Subsidies in Europe by Kym Anderson Pdf

Author : Mr.Benedict J. Clements,Mr.David Coady,Ms.Stefania Fabrizio,Mr.Sanjeev Gupta,Mr.Trevor Serge Coleridge Alleyne,Mr.Carlo A Sdralevich
Publisher : International Monetary Fund
Page : 390 pages
File Size : 41,9 Mb
Release : 2013-09-13
Category : Business & Economics
ISBN : 9781484339169

Get Book

Energy Subsidy Reform by Mr.Benedict J. Clements,Mr.David Coady,Ms.Stefania Fabrizio,Mr.Sanjeev Gupta,Mr.Trevor Serge Coleridge Alleyne,Mr.Carlo A Sdralevich Pdf

Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and 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.

Author : Maria Vagliasindi
Publisher : World Bank Publications
Page : 349 pages
File Size : 47,5 Mb
Release : 2012-11-14
Category : Business & Economics
ISBN : 9780821395615

Get Book

Implementing Energy Subsidy Reforms by Maria Vagliasindi Pdf

In 1934, Lewis Mumford critiqued the industrial energy system as a key source of authoritarian economic and political tendencies in modern life. Recent debate continues to engage issues of energy authoritarianism, focusing on the contest between energy-driven globalization (the spread of energy deregulation and the simultaneous consolidation of the oil, coal, and gas industries) and the so-called "sustainable energy" strategy that celebrates the local and community scale characteristics of renewable energy. Including theoretical inquiries and case studies by distinguished writers, Transforming Power is divided into three parts: Energy, Environment, and Society; The Politics of Conventional Energy; and The Politics of Sustainable Energy. It interrogates current contemporary energy assumptions, exploring the reflexive relationship between energy, environment, and society, and examining energy as a social project. Some of these have promised a prosperous future founded upon technological advances that further modernize the modern energy system, such as "inherently safe" nuclear power, environmentally friendly coal gasification, and the advent of a wealthier, cleaner world powered by fuel cells; and the "green technologies," said by advocates to prefigure a revival of human scale development, local self-determination, and a commitment to ecological balance. >br> This volume offers a timely engagement of the social issues surrounding energy conflicts and contradictions. It will be of interest to policymakers, energy and environmental experts, sociologists, and historians of technology. John Byrne is director of the Center for Energy and Environmental Policy (CEEP) and Distinguished Professor of Public Policy at the University of Delaware. Noah Toly is a research associate and Ph.D. candidate in the Center for Energy and Environmental Policy at the University of Delaware. Leigh Glover is policy fellow and assistant professor in the Center for Energy and Environmental Policy at the University of Delaware.