Analysis of the scope of energy subsidies and suggestions for the G-20 initiative
Energy subsidies are often used to alleviate energy poverty and promote economic development by enabling access to affordable modern energy services. Given the critical role that energy plays in economic and social development, the reform of inefficient energy subsidies should be analyzed in a context, including their links to the three pillars of sustainable development, including economic growth, poverty reduction and environmental dimensions. Taking into account the sovereign rights of countries to develop economic and social policies, subsidies are fundamentally country-specific, and should be based on national circumstances.