This report summarizes the findings of a review aimed at understanding emerging approaches to energy subsidy reform, discerning trends, and identifying major strands of thinking and research in the field, as reflected in major policy and academic journals relevant to the subject. The review was initiated in early 2020 as …
Energy subsidies, which have a long history of use by governments around the world, have been rising in recent years after a brief period of decline. Despite their significant wider costs, subsidies are used by governments for various policy, and political reasons. Faced with recent external shocks, governments around the …
Trillions of dollars are wasted on subsidies for agriculture, fishing and fossil fuels that could be used to help address climate change instead of harming people and the planet, according to this report by the World Bank. This new World Bank report examines how subsidy reform can help safeguard the …
This is the first edition of the Economic Update for Equatorial Guinea. This report presents recent economic developments in Equatorial Guinea as well as the medium-term economic outlook and risks (Chapter 1), followed by a detailed exploration of a specific topic (Chapter 2). This edition focuses on fuel subsidies and …
The Gabon Economic Update is an annual World Bank publication that presents an overview of the evolving macroeconomic position in Gabon, followed by a detailed exploration of a specific topic in each edition. The first chapter analyzes recent economic developments, as well as the macroeconomic outlook and risks for Gabon’s …
The Ministry of Power has issued a notification containing the draft Electricity (Amendment) Rules, 2023, which include provisions for ‘Subsidy accounting & payment’ and ‘Framework for financial sustainability’. The draft rules have been sent to stakeholders for comments, with a deadline of 21 days from the date of the letter. …
Bangladesh should aim for renewables to make up 40% of its total power generation capacity by 2041, says this report by the Institute for Energy Economics and Financial Analysis (IEEFA), which charts a path for the country to transition its electricity sector away from dependence on expensive imported fossil fuels …
The Union Budget 2023-24 was presented against the backdrop of some critical geopolitical developments and was the last full budget before the next general elections. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …
Tunisia's economic recovery slowed in 2022 while the current account and fiscal deficit rose amid mounting global energy and food prices and more working-age people stayed out of the labor market amid diminishing job prospects, according to the World Bank's Spring edition 2023 of the Tunisia Economic Monitor. The report …
India’s automotive sector is on the brink of something new. On the one hand, sales of traditional internal combustion engine vehicles (ICEV) have been slow to bounce back to pre-pandemic levels. While on the other, the new and emerging electric vehicle (EV) segment has been in the news for all …
Food Subsidy is provided by the Government of India (GoI) for the supply and distribution of foodgrains and other essential commodities. With the passing of the National Food Security Act (NFSA) in 2013, nutritional security became a right. Under the Act, adequate quantities of quality food at affordable prices are …
India has made notable progress towards accelerating e-mobility in the country. Along with the national level FAME II scheme, 26 States have released electric vehicle policies that aim to increase EV adoption and encourage manufacturing of EVs and its components. This analysis assesses the comprehensiveness of state EV policies based …
Africa’s Macroeconomic Performance and Outlook is the African Development Bank Group’s new biannual publication to be released in the first and third quarters of each year. The publication will offer policymakers, global investors, researchers, and other development partners an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term …
The East Asia and Pacific (EAP) region has been less exposed to the food price shock arising from Russia’s invasion of Ukraine than other world regions. East Asia and Pacific economies have not imported much directly from the war-affected countries and have consumed less wheat (prices for which spiked) and …
The Ministry of Power (MoP) has notified the Electricity (Amendment) Rules, 2022. The MoP has inserted rules for surcharge payable by consumers seeking open access, timely recovery of power purchase costs by distribution licensee, subsidy accounting, resource adequacy, development of hydro power, energy storage system, and implementation of uniform renewable …
This Report of the Standing Committee on Energy deals with the action taken by the Government on the Observations/ Recommendations contained in the Twenty-Sixth Report (Seventeenth Lok Sabha) on the subject ‘Review of Power Tariff Policy – need for uniformity in tariff structure across the country’. The Twenty-Sixth Report (Seventeenth …
The Indo-Pacific is home to 4.3 billion people – more than half of humanity. Studies indicate that the Indo-Pacific could meet ~90 per cent of its power demand using renewables such as solar and wind, but this needs a clear and defined vision for its energy future. This Working Paper …
Macroeconomic and fiscal reforms are urgently needed to lift Nigeria’s development outcomes, which are severely constrained by inefficient use of resources, argues the new Nigeria Public Finance Review report. For years, a large share of Nigeria’s resources have financed inefficient and regressive subsidies for petrol, electricity, and foreign exchange. Not …
Despite calls for the reform of incentives, including subsidies, harmful to biodiversity, including under the Convention on Biological Diversity and its 2011-2020 Aichi Targets, very few countries to date have undertaken what is considered the first step in this process, namely, to identify and assess the types and magnitudes of …
Nigeria’s energy future is at a crossroads. Despite its longer-term net zero climate goals, Nigeria remains reliant on the oil and gas industry. At the same time, the country continues to grapple with major development challenges, including improving access to healthcare, education, basic services and infrastructure. This latest research with …
The renewable energy open access (OA) market, which has been expanding in almost all key renewables-rich states in recent years, will continue to overcome policy hurdles to grow organically in the coming years, according to this new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK …
