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dc.contributor.authorSarrakh, Redouane
dc.contributor.authorRenukappa, Suresh
dc.contributor.authorSuresh, Subashini
dc.contributor.authorMushatat, Sabah
dc.date.accessioned2020-02-18T16:23:35Z
dc.date.available2020-02-18T16:23:35Z
dc.date.issued2020-02-27
dc.identifier.citationSarrakh, R., Renukappa, S., Suresh, S. and Mushatat, S. (2020) Impact of subsidy reform on the Kingdom of Saudi Arabia's economy and carbon emissions, Energy Strategy Reviews, 28(March 2020), 100465en
dc.identifier.issn2211-467Xen
dc.identifier.doi10.1016/j.esr.2020.100465
dc.identifier.urihttp://hdl.handle.net/2436/623081
dc.description.abstractSeeing the uprising economy and population of Saudi Arabia, some of its energy subsidies may be acceptable or even necessary to reach the country’s social and economic objectives. Nevertheless, an over-subsidisation and poor implementation may lead these subsidies to deviate from their initial objectives or even contradict them. This paper uses the price-gap approach to estimate the size of energy subsidies in Saudi Arabia. The results indicate that the value of kingdom’s energy subsidies amounts for $80 billion in 2012, representing 11 percent of the country’s GDP. Oil products, gasoline and diesel, are the most subsidised followed by electricity and finally natural gas. The Input-output model was used to quantify the effect of a reform on the economy. The findings show that a total removal of energy subsidies with no social safety nets would affect negatively Saudi Arabia’s economy and mostly the energy intensive industries, especially the quarrying and mining sector. However, a total removal of subsidies accompanied with a targeted cash transfer towards social and health sectors would affect positively the majority of the country’s economy apart from sectors that relays heavily on energy consumption. The paper also proposes subsidies reform options, like implementing compensatory measures to cover the energy prices increase to protect the limited and low income households, using and reinforcing the social safety networks to face any changes in energy prices.en
dc.formatapplication/pdfen
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S2211467X20300195en
dc.subjectEnergy subsidiesen
dc.subjectprice gap approachen
dc.subjectinput-output modelen
dc.subjectcarbon emissionsen
dc.titleImpact of subsidy reform on the Kingdom of Saudi Arabia's economy and carbon emissionsen
dc.typeJournal articleen
dc.identifier.journalEnergy Strategy Reviewsen
dc.date.updated2020-02-18T15:28:15Z
dc.identifier.articlenumber100465
dc.date.accepted2020-02-17
rioxxterms.funderUniversity of Wolverhamptonen
rioxxterms.identifier.projectUOW18022020SSen
rioxxterms.versionAMen
rioxxterms.licenseref.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
rioxxterms.licenseref.startdate2020-02-27en
dc.source.volume28
refterms.dateFCD2020-02-18T16:22:37Z
refterms.versionFCDAM
refterms.dateFOA2020-02-27T14:26:00Z


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