energy subsidy reform

Fuel Subsidies in India

The Government of India spent over US$ 9 billion subsidizing fuel products – diesel, kerosene, LPG and, to a lesser extent, gasoline – in 2010-11. The Government’s total subsidy expenditure (including for food and fertilizer) increased by nearly 27% in 2011-12, significantly contributing to the deterioration of India’s fiscal balance. In addition, national oil companies incurred over US$ 8 billion worth of under-recoveries.

The Economics, Politics and Future of Energy Subsidies

This report summarizes the Climate Policy Initiative Workshop, hosted at DIW Berlin, that took place in November 2009.

At their meeting in Pittsburgh in September 2009, G20 Leaders called for an additional evidence base to support efforts by the member nations to reform and remove fossil fuel subsidies. At a workshop in Berlin in November 2009 we discussed the definition and quantification of energy subsidies, the evaluation of their impact, and the political economy of their reform.

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