01926nam 2200445 450 991045835040332120201110145615.01-4843-4696-3(CKB)2550000001312891(EBL)1701824(MiAaPQ)EBC1701824(Au-PeEL)EBL1701824(CaONFJC)MIL616092(OCoLC)881416260(EXLCZ)99255000000131289120201110d2013 uy 0araur|n|---|||||txtrdacontentcrdamediacrrdacarrierEnergy subsidy reform lessons and implications /enedict J. ClementsWashington, District of Columbia :International Monetary Fund,2013.1 online resource (195 p.)Description based upon print version of record.1-4843-8992-1 1-306-84841-5 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 geneElectric utilitiesGovernment policyElectronic books.Electric utilitiesGovernment policy.338.436626Clements Benedict J.122914MiAaPQMiAaPQMiAaPQBOOK9910458350403321Energy subsidy reform1909182UNINA