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Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely opaque, costly and often ineffective in reaching their stated goals. They also frequently trigger unwanted side effects. In order to improve the performance of these tools, the...
Persistent link: https://www.econbiz.de/10011877831
This paper provides estimates of output multipliers for spending in clean energy and biodiversity conservation, as well as for spending on non-ecofriendly energy and land use activities. Using a new international dataset, we find that every dollar spent on key carbon-neutral or carbon-sink...
Persistent link: https://www.econbiz.de/10012518986
Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely opaque, costly and often ineffective in reaching their stated goals. They also frequently trigger unwanted side effects. In order to improve the performance of these tools, the...
Persistent link: https://www.econbiz.de/10011965711
The aim of the article is to present a review of the literature on energy subsidies and the scale and structure of subsidies for energy production in the Visegrad Group countries. It also presents the most important results of an investigation into the relationship and impact of fossil fuel...
Persistent link: https://www.econbiz.de/10014339796
need for coordinated action and strategic planning. The Colombian government views the sub­sidy phase-out as part of its … gross domestic product (GDP). A failed subsidy phase-out could undermine the country’s energy transition efforts … brief examines the hurdles for the diesel subsidy phase-out process, with a particular focus on the necessary reforms within …
Persistent link: https://www.econbiz.de/10014562997
can use a high subsidy to reduce or even avoid potentially stranded assets in the next period. With endogenous reelection …
Persistent link: https://www.econbiz.de/10014486660
, Finland, Estonia, Latvia, Lithuania, Poland and Germany). By locating the national energy policies in a historical context …
Persistent link: https://www.econbiz.de/10013415668
This contribution discusses WTO subsidies disciplines in the context of the energy sector. After laying out the relevant disciplines, it will discuss the paradox of WTO law with respect to subsidies towards fossil fuels vis-à-vis those towards renewable energy. It is clear that subsidies on...
Persistent link: https://www.econbiz.de/10014125055
The paper aims to identify and analyze potential legal avenues for phasing out fossil fuels in the European Union using EU State aid rules. Our analysis of the EU’s legal framework reveals that the EU State aid rules would allow the European Commission to effectively target and monitor fossil...
Persistent link: https://www.econbiz.de/10013250665
The steep decline in the world oil price in the last quarter of 2014 slashed fuel price subsidies. Several governments responded by announcing that they would remove subsidies for one or more fuels and move to market-based pricing with full cost recovery. Other governments took advantage of low...
Persistent link: https://www.econbiz.de/10012969897