IEA analysis of fossil-fuel subsidies for APEC
IEA analysis of fossil-fuel subsidies for APEC
IEA analysis of fossil-fuel subsidies for APEC
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Concluding remarks• Getting the prices right, by phasing-out <strong>fossil</strong>-<strong>fuel</strong> <strong>subsidies</strong>,is an important step towards improving energy security, whilebrining environmental & economic benefits• Without further re<strong>for</strong>m, spending on <strong>subsidies</strong> in <strong>APEC</strong>economies is set to reach $150 billion in 2020• Subsidy phase out can have significant impact on the poor andpolicies must be carefully designed not to restrict access toessential energy services• Since the <strong>APEC</strong> commitment was taken, many countries havestarted taking measures to reduce or eliminate <strong>subsidies</strong>© OECD/<strong>IEA</strong> 2011
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