Devising an energy pricing strategy for GCC countries
All the GCC states provide their domestic economies with energy at a fraction of the international price, using both direct and indirect subsidies. Although such subsidies reflect important economic and social goals, they also impose large costs on their economies. The increasing scale of such subsi...
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| Materialtyp: | Journal article |
| Språk: | English |
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Oxford Institute for Energy Studies
2014
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| Sammanfattning: | All the GCC states provide their domestic economies with energy at a fraction of the international price, using both direct and indirect subsidies. Although such subsidies reflect important economic and social goals, they also impose large costs on their economies. The increasing scale of such subsidies is becoming harder to justify and a strategy for their reform will become ever more pressing. |
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