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Author Rentschler, Jun, author

Title Fossil fuel subsidy reforms : a guide to economic and political complexity / Jun Rentschler
Published Abingdon, Oxon ; New York, NY : Routledge, an imprint of the Taylor & Francis Group, 2018

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Description 1 online resource
Series Routledge studies in energy policy ; 10
Routledge studies in energy policy ; 10.
Contents Cover; Title; Copyright; Contents; List of figures; List of tables; Preface; Acknowledgements; 1 Introduction: and a guide for navigating this book; 1.1 Policy relevance; 1.2 Content summary; 1.3 Focus areas and organisation of book; 1.4 Methods; 1.5 Contribution; 2 Reforming fossil fuel subsidies: drivers, barriers, and the state of progress; 2.1 Introduction; 2.2 Defining and estimating fossil fuel subsidies; 2.3 Fiscal, economic, environmental, and distributional costs of fossil fuel subsidies; 2.4 Reform progress: what's being done?
2.4.1 Galvanising action: international communities and institutions2.4.2 Implementing subsidy reforms: country-level action; 2.5 Reforms: drivers and barriers; 2.5.1 The role of prices in driving reforms; 2.5.2 Public opposition and political economy; 2.6 Focus areas for the design of subsidy reforms; 2.7 Areas for future research; 2.8 Conclusion; 3 The impacts on households: the regional variation of poverty effects due to fossil fuel subsidy reform -- evidence from Nigeria; 3.1 Introduction; 3.2 Fossil fuel subsidies in Nigeria; 3.3 Understanding energy demand; 3.4 Simulating reform
3.4.1 Methodology3.4.2 A hypothetical fuel subsidy reform: two scenarios; 3.4.3 Estimation results: the impacts of reform; 3.5 Designing fossil fuel subsidy reforms: conclusions; 4 Subsidy reforms and the impacts on firms: transmission channels and response measures; 4.1 Introduction; 4.2 Background; 4.3 Transmission channels and response measures; 4.3.1 Transmission channels of energy price increases; 4.3.2 Four response measures; 4.4 Conclusion and policy implications; 4.4.1 Need for further research; 4.4.2 Implications for the design of fuel subsidy reforms
5 Energy price variation and competitiveness: firm level evidence from Indonesia5.1 Introduction; 5.2 Literature and background; 5.3 Background: competitiveness and firms' response measures; 5.3.1 Using profits to estimate competitiveness; 5.3.2 Normalising for firm size; 5.3.3 Profit and cost shares of revenue; 5.3.4 Response measures determine impacts; 5.4 Data and descriptive observations; 5.4.1 Data preparation; 5.4.2 Sectors; 5.4.3 Energy prices: regional variation; 5.4.4 Competitiveness: regional variation; 5.4.5 Energy intensity
5.5 The effects of energy prices on competitiveness -- and firms' response measures5.5.1 Long-run competitiveness: energy prices and cost shares; 5.5.2 Inter-fuel substitution; 5.5.3 Energy efficiency; 5.5.4 Pass-on; 5.6 Robustness tests and limitations; 5.7 Conclusion and policy implications; 6 Illicit dealings: general equilibrium effects off ossil fuel subsidy reform, and the role of tax evasion and smuggling; 6.1 Introduction; 6.2 Relation to prior literature; 6.2.1 Fossil fuel subsidies; 6.2.2 Fossil fuel subsidy reform simulations; 6.2.3 The double dividend
Summary "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."--Provided by publisher
Subject Energy policy -- Economic aspects
Energy industries -- Subsidies
Fossil fuels -- Government policy
Fossil fuels -- Finance
BUSINESS & ECONOMICS -- Real Estate -- General.
Fossil fuels -- Government policy.
Climatic changes.
Energy policy.
Energy policy -- Economic aspects.
Environmental economics.
Environmental policy.
Fossil fuels.
Nuclear energy.
Form Electronic book
ISBN 9781351175807
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