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Eliminating fossil fuel subsidies is good for the planet – and more than ever for the GCC

Abstract:

Fossil fuel subsidy reforms are in fashion these days. The 2014 oil price collapse offers what has been called a ‘golden opportunity’ for cashstrapped governments around the world to phase out energy subsidies by taking advantage of lower fuel prices that reduce both the political cost of liberalizing energy prices and the risk of runaway inflation resulting from price reforms. More than two dozen governments have undertaken some form of fossil fuel subsidy reform since the beginning of 2014....

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher:
Oxford Institute for Energy Studies
Journal:
Oxford Energy Forum More from this journal
Issue:
102
Pages:
33-36
Publication date:
2015-11-01
ISSN:
0959-7727
Keywords:
UUID:
uuid:6eae07e8-d776-437b-8bb9-55864c7e27b6
Deposit date:
2016-01-12

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