Fossil Fuel Subsidies in Asia: Trends, Impacts, and Reforms Integrative Report
Asian Development Bank | June 2016
Abstract
Unsustainable budgetary cost of selling oil, gas, and coal at low prices has propelled energy subsidy reform in developing Asian economies. This report measures the size of associated subsidies on these fossil fuels including direct transfers, tax exemptions, subsidized credit, and losses of state enterprises in India, Indonesia, and Thailand. An analysis of complex interactions between economic, social, energy, and environmental issues shows that the initial rise in energy prices due to a reduction or removal of the subsidies will nudge households and businesses to shift to alternative fuels, make investment in clean energy attractive, increase energy supply, reduce energy shortages, and cut greenhouse gas emissions. Using the money freed up from subsidies to compensate poor households and to increase government budgets will offset the negative effects of the initial price rise, promote sustainable energy use, and help allay the fears of reform.
Citation
Asian Development Bank. 2016. Fossil Fuel Subsidies in Asia: Trends, Impacts, and Reforms Integrative Report. © Asian Development Bank. http://hdl.handle.net/11540/6455.PDF ISBN
978-92-9257-299-0
Print ISBN
978-92-9257-298-3
Keywords
Rural planning
Aid coordination
Industrial projects
Infrastructure projects
Natural resources policy
Educational development
Development policy
Energy Demand
Alternative energy program
Domestic Energy
Energy
Energy Demand
Energy Sources
ADB
Alternative Energy Development
Asian Development Bank
Development
Development Cooperation
Rural Development Projects
Energy Development Finance
Renewable Energy
Energy
Communication in rural development
Communication in community development
Economic development projects
Development banks
Economic forecasting
Environmental auditing
Cumulative effects assessment
Human rights and globalization
Rural manpower policy
Biogas
Biomass chemical
Biomass gassification
Biomass energy
Demand
Energy Security
Renewable Energy Source
Supply and Demand
Technology
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