Getting rid of fossil-fuel subsidies is a triple-win solution
Fossil-fuel subsidies remain commonplace in many countries. They result in an economically inefficient allocation of resources and market distortions, while often failing to meet their intended objectives. Moreover, volatile energy markets and the prospect of higher fossil fuel prices mean that foss...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2012
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| _version_ | 1797102262996172800 |
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| author | Birol, F |
| author_facet | Birol, F |
| author_sort | Birol, F |
| collection | OXFORD |
| description | Fossil-fuel subsidies remain commonplace in many countries. They result in an economically inefficient allocation of resources and market distortions, while often failing to meet their intended objectives. Moreover, volatile energy markets and the prospect of higher fossil fuel prices mean that fossil-fuel subsidies threaten to be a growing liability to state budgets. This prospect has created a strong impetus for reform, strengthened by other associated benefits. But fossil-fuel subsidy reform is notoriously difficult as the short-term costs imposed on certain groups of society can be very burdensome and induce fierce opposition. If removing these subsidies were easy, it would probably already have happened. |
| first_indexed | 2024-03-07T06:03:28Z |
| format | Journal article |
| id | oxford-uuid:ed05e721-ee32-41c4-ace2-04a229038504 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T06:03:28Z |
| publishDate | 2012 |
| publisher | Oxford Institute for Energy Studies |
| record_format | dspace |
| spelling | oxford-uuid:ed05e721-ee32-41c4-ace2-04a2290385042022-03-27T11:21:49ZGetting rid of fossil-fuel subsidies is a triple-win solutionJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:ed05e721-ee32-41c4-ace2-04a229038504EnglishOxford University Research Archive - ValetOxford Institute for Energy Studies2012Birol, FFossil-fuel subsidies remain commonplace in many countries. They result in an economically inefficient allocation of resources and market distortions, while often failing to meet their intended objectives. Moreover, volatile energy markets and the prospect of higher fossil fuel prices mean that fossil-fuel subsidies threaten to be a growing liability to state budgets. This prospect has created a strong impetus for reform, strengthened by other associated benefits. But fossil-fuel subsidy reform is notoriously difficult as the short-term costs imposed on certain groups of society can be very burdensome and induce fierce opposition. If removing these subsidies were easy, it would probably already have happened. |
| spellingShingle | Birol, F Getting rid of fossil-fuel subsidies is a triple-win solution |
| title | Getting rid of fossil-fuel subsidies is a triple-win solution |
| title_full | Getting rid of fossil-fuel subsidies is a triple-win solution |
| title_fullStr | Getting rid of fossil-fuel subsidies is a triple-win solution |
| title_full_unstemmed | Getting rid of fossil-fuel subsidies is a triple-win solution |
| title_short | Getting rid of fossil-fuel subsidies is a triple-win solution |
| title_sort | getting rid of fossil fuel subsidies is a triple win solution |
| work_keys_str_mv | AT birolf gettingridoffossilfuelsubsidiesisatriplewinsolution |