Publication:
Cash Transfers in the Context of Energy Subsidy Reform: Insights from Recent Experience

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dc.contributor.authorMukherjee, Anit
dc.contributor.authorOkamura, Yuko
dc.contributor.authorGentilini, Ugo
dc.contributor.authorGencer, Defne
dc.contributor.authorAlmenfi, Mohamed
dc.contributor.authorKryeziu, Adea
dc.contributor.authorMontenegro, Miriam
dc.contributor.authorUmapathi, Nithin
dc.date.accessioned2023-06-30T13:50:32Z
dc.date.available2023-06-30T13:50:32Z
dc.date.issued2023-06-30
dc.description.abstractEnergy 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 world have had to manage difficult tradeoffs between the need to protect their citizens against substantial increases in the cost of living and the fiscal risks that greater and continued subsidies impose. General consumption subsidies, such as universal price subsidies for fossil fuels, tend to be regressive. Over the past several decades, as part of the evolving understanding of energy subsidy reforms, there has been growing recognition of the potential of targeted cash transfers to support the poor and vulnerable to help governments achieve desired policy outcomes at lower fiscal cost and in a sustainable manner. The use of cash transfers to mitigate the impact of price increases from an energy subsidy reform puts a country’s social protection framework in the spotlight, along with the role social protection can play in bolstering national commitments to reduce greenhouse gas (GHG) emissions. While getting prices right is important in eliminating distortions and incentivizing efficient use of energy, cash transfers can help countries mitigate and adapt to climate change and make the transition to a green economy by smoothing the adjustment to changing energy costs.en
dc.identifierhttp://documents.worldbank.org/curated/en/099062923170018606/P17658505cf5310870baf305828791be2a8
dc.identifier.doi10.1596/39948
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39948
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesEnergy Subsidy Reform in Action Series. ESMAP Technical Report
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectENERGY SUBSIDIES
dc.subjectSOCIAL ASSISTANCE
dc.subjectDOMINICAN REPUBLIC
dc.subjectUKRAINE
dc.subjectCOMPENSATORY TRANSFERS
dc.subjectFOSSIL FUELS
dc.titleCash Transfers in the Context of Energy Subsidy Reformen
dc.title.subtitleInsights from Recent Experienceen
dc.typeTechnical Report
dspace.entity.typePublication
okr.crossref.titleCash Transfers in the Context of Energy Subsidy Reform: Insights from Recent Experience
okr.date.disclosure2023-06-30
okr.date.lastmodified2023-06-30T00:00:00Zen
okr.doctypeESMAP Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099062923170018606/P17658505cf5310870baf305828791be2a8
okr.guid099062923170018606
okr.identifier.docmidP176585-5cf531fe-15aa-4a87-baf3-5828791be2a8
okr.identifier.doihttp://dx.doi.org/10.1596/39948
okr.identifier.externaldocumentum34109170
okr.identifier.internaldocumentum34109170
okr.identifier.report183605
okr.import.id981
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099062923170018606/pdf/P17658505cf5310870baf305828791be2a8.pdfen
okr.region.geographicalWorld
okr.topicEnergy::Energy Finance
okr.topicEnergy::Energy Policies & Economics
okr.topicEnergy::Energy Sector Regulation
okr.unitSocial Protection & Labor Global (HSPGE)
relation.isAuthorOfPublication5b882b4e-e7db-5ba6-862e-19befdb38548
relation.isAuthorOfPublicatione24f6d87-8168-4aa9-a5be-db4232461891
relation.isAuthorOfPublication6d5b74f7-f0e4-5a8c-825d-ac1ca67320f5
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