日韩福利电影在线_久久精品视频一区二区_亚洲视频资源_欧美日韩在线中文字幕_337p亚洲精品色噜噜狠狠_国产专区综合网_91欧美极品_国产二区在线播放_色欧美日韩亚洲_日本伊人午夜精品

Search

Policy & Regulation

Friday
12 Jun 2020

As Energy Prices Tumble, Developing Countries Trim Subsidies

12 Jun 2020  by New York Times   

The coronavirus pandemic has sent economies into recession and reduced government revenue, so some countries are taking a politically perilous path: removing restraints on electricity and petroleum prices.

Nigeria and Tunisia have lowered fuel subsidies in recent weeks, and India has raised taxes on gasoline and diesel fuel. Sudanese officials plan to replace some subsidies with direct cash payments to the poor. Venezuela, where the economy was collapsing before the pandemic, has partly reversed decades of gasoline subsidies. And the state-owned electric utility in Dubai is seeking to raise rates for the first time in a generation.

In contrast to the recent past, elected leaders are facing little political blowback for taking away subsidies and raising taxes. That’s because the prices of oil, natural gas and other fuels have collapsed in recent months. In addition, driving, flying and industrial activity have dropped off sharply.

But that could change once world energy prices shake off the pandemic’s effects.

Energy subsidies are often taken for granted outside the halls of power. But they constitute vital policy choices that weigh on government budgets and economic development.

“Governments are caught in a dilemma,” said Jim Krane, an energy expert at Rice University who has studied subsidies. “Do they want to protect the poor who may have lost their jobs and incomes, or do they want to take action against the pernicious long-term cost to their budgets?”

Countries with weak social-service and tax systems often resort to subsidies because they are a relatively easy way to deliver affordable electricity, cooking gas and petroleum. But many economists say this largess primarily benefits well-off families, because they have the biggest cars and homes. The poorest people in the developing world frequently do not own cars and may live in villages that have access to power for just a few hours a day, if they are connected to the grid at all.

Still, any price increase hurts people earning subsistence wages. And cuts in subsidies have prompted political protests, riots and strikes from Iran to Indonesia.

In October, for example, Ecuadoreans marched in the streets after the government slashed fuel subsidies to save $1.4 billion a year. As gasoline prices rose by 25% and diesel prices doubled, truck drivers, Indigenous people and other groups paralyzed the country for 11 days and forced the president to leave the capital, Quito. The protests ended when the government reversed course.

Rene Ortiz, Ecuador’s energy minister, said energy subsidies were a “flag” waved by politicians and activists to win votes.

“That flag attracts the poor people, who think if subsidies are taken away they will become poorer,” he said in an interview. “It’s a myth that won’t easily go away.”

It is little wonder that few countries have eagerly followed the advice of the economists at the World Bank, the International Monetary Fund and other organizations to cut subsidies.

Experts say government spending on fuel and electricity makes it harder for officials to spend on health care and education. It also encourages people to use more energy than they need, increasing air pollution and traffic congestion. In addition, some benefits of low energy prices are frittered away when smugglers resell fuel in another country where prices are higher.

Energy subsidies in more than 40 countries totaled $318 billion last year, according to the International Energy Agency — half for oil and petroleum products, and the rest for electricity, natural gas and coal. The countries with the biggest subsidies last year were Iran, China, Saudi Arabia and Russia. Roughly 10% of global consumption of fossil fuels was subsidized, according to the energy agency.

To cushion the pandemic’s economic blow, countries like Indonesia, South Africa and Ghana recently increased electricity subsidies.

“The overwhelming priority for governments given the COVID-19 pandemic is to try to mitigate the impact, and so governments are trying to make sure the incomes of households are protected to some degree,” said Tim Gould, head of energy supply and investment at the International Energy Agency.

But Gould added that the collapse of energy prices gave governments “a golden opportunity.” Lower prices make it easier to cut subsidies without inflicting much pain on the poor, especially in oil-exporting countries with reduced revenues.

“As you move from the immediate emergency phase into the stimulus and recovery stage, there is a real opportunity to make sure the pricing signals are the right ones,” he said.

The last time oil prices plunged, in 2014 and 2015, countries like India, Malaysia, Morocco, Saudi Arabia and the United Arab Emirates reduced subsidies. Some, including India, compensated the poor with direct cash payments.

The moves made fiscal sense, but countries like Kuwait and Oman reversed course after protests. Others, like Russia, which has subsidized fuel since the Soviet era, did not enact proposals to raise energy prices.

Subsidies are just one way governments hand out money to the energy industry. The United States does not directly subsidize the retail price of gasoline or electricity, but it offers tax breaks to fossil-fuel and renewable-energy companies. Gasoline and diesel taxes are also lower at the pump in the United States than in European countries.

More governments may reduce energy subsidies if oil and gas prices stay low.

The biggest test could come in Nigeria, where cheap gasoline and diesel fuel are considered sacrosanct because the country is the biggest oil producer in Africa. When Goodluck Jonathan, the president at the time, scrapped energy subsidies in 2012, he faced two weeks of protests and riots as prices surged before he reinstated half of the previous subsidies.

The current president, Muhammadu Buhari, is calculating that this time will be different. He has deregulated prices at the pump, in a move designed to save his government $2 billion a year. With global oil prices down by roughly 40% since the beginning of the year, the decontrolled price at the pump is several cents a gallon below the controlled price that Nigerians paid as recently as last month.

“He removed the subsidies because they are not necessary anymore,” said Judd Devermont, director of the Africa program at the Center for Strategic and International Studies, a research group in Washington. “If oil creeps up again, there will be pressure on Buhari to reinstall the subsidies. Nigerians may not get the democracy they want or the security they want, but they expect cheap oil.”

More News

Loading……
国产不卡在线视频| 丁香婷婷自拍| 欧美韩国日本不卡| 老司机免费视频一区二区| 在线观看av免费| 亚洲人成人一区二区在线观看| 国产乱一区二区| 国产一区二区三区久久久久久久久 | 国产精品1luya在线播放| 德国一级在线视频| 亚洲国产综合91精品麻豆| 夜久久久久久| 欧美美女黄色| avtt在线播放| av三级影院| 成人手机在线| 777久久久精品| 成人av网站大全| 激情综合色丁香一区二区| 蜜臀av免费一区二区三区| 欧美va亚洲va在线观看蝴蝶网| 欧美日韩视频在线一区二区 | 一本综合久久| 欧美三区不卡| 91精品国产自产拍在线观看蜜| 二区中文字幕| 欧美一级黄色大片| 亚洲一区二区3| 不卡一区在线观看| 国产亚洲一区| 99亚洲男女激情在线观看| 天堂中文最新版在线中文| 要久久电视剧全集免费| 国产精品精品| 久久久久免费av| 婷婷综合激情| 美女免费视频一区二区| 亚洲精品第一| 色婷婷av在线| 亚洲18色成人| 一本色道久久综合亚洲精品按摩| 在线播放欧美女士性生活| 韩国三级在线一区| 欧美影片第一页| 欧美电影h版| 国产精品羞羞答答xxdd| 欧美一卡二卡在线| 日韩欧美一区二区三区免费观看 | 九九热视频在线观看| 欧美一级一区二区| 在线视频资源站| 日本一本在线免费福利| 韩国av网站在线| 日韩一级片网站| 日韩欧美专区在线| 日韩午夜av电影| 久久超级碰碰| 欧美国产日韩a欧美在线观看| 亚洲日本va在线观看| 亚洲大尺度视频在线观看| 成人3d动漫网站| 欧美日韩卡一卡二| 欧美日韩亚洲成人| 国内精品不卡| 日韩欧美激情电影| 国产精品手机在线播放| 美女爽到呻吟久久久久| 国产欧美一区二区精品性色| av手机在线看| 日韩一级淫片| 国产成人1区| 欧美h版在线观看| 免费看日韩精品| 亚洲国产美国国产综合一区二区| 亚洲精品免费在线| 91精品国产色综合久久ai换脸 | 精品一区二区在线看| 亚洲素人一区二区| 日本不卡免费播放| 在线激情网站| 日韩漫画puputoon| 精品久久ai| 蜜桃久久精品一区二区| 97看剧电视剧大全| 久久国际精品| 好看的日韩av电影| 一区二区欧美视频| 69堂精品视频| 伊人国产在线| 日韩成人动漫| 亚洲精品极品| 成人午夜免费视频| 日韩欧美亚洲国产精品字幕久久久| 欧美疯狂性受xxxxx喷水图片| 日韩丝袜情趣美女图片| 欧美videos极品另类| 91精品网站在线观看| 欧美大胆a级| 精品一区二区三区中文字幕老牛| 99re66热这里只有精品3直播| 一区二区三区中文字幕在线观看| 亚洲韩国精品一区| 欧美在线观看禁18| 欧美日韩在线影院| 欧美性大战xxxxx久久久| 欧美久久久久免费| 欧洲不卡av| 爱情电影网av一区二区| 日韩不卡在线观看日韩不卡视频| 99热在这里有精品免费| 久久综合国产精品| 欧美日韩亚洲视频| 欧美三级理伦电影| 国产一区二区三区| 国内视频在线精品| 91色乱码一区二区三区| 在线观看一区日韩| 9i精品一二三区| 欧美天堂一区| 久久最新视频| 国产精品成人免费| 欧美日韩国产区一| 国产污视频在线播放| 欧美激情精品| 久久国产精品99久久久久久老狼| 日本久久电影网| 四虎影视成人精品国库在线观看| 久久久久久久综合日本| 国产九九在线| 日韩国产欧美三级| 日本免费看黄色| 国产精品xxxav免费视频| 国产精品视频线看| 白虎精品一区| 国产高清亚洲| 波多野结衣亚洲一区| 色综合中文字幕国产| 久久青青色综合| 99国产精品国产精品毛片| 亚洲成人影院麻豆| 国产在线视频一区二区三区| eeuss在线播放| 欧美舌奴丨vk视频| 视频在线在亚洲| 欧美大片在线观看一区二区| 婷婷成人av| 国产高清不卡二三区| 欧美丰满少妇xxxxx高潮对白| 伊人春色之综合网| 精品成人在线视频| 麻豆蜜桃在线观看| 日韩国产精品久久| 欧美一区二区精美| 天堂99x99es久久精品免费| 能在线观看av网站| 欧美午夜寂寞| 精品久久久久香蕉网| а天堂中文最新一区二区三区| 亚洲免费色视频| 电影一区二区三区久久免费观看| 91在线视频播放地址| 精品乱码亚洲一区二区不卡| 国产一区二区三区站长工具| 亚洲一区二区三区三| 永久免费网站在线| av爱爱亚洲一区| 羞羞网站在线看| 欧美96一区二区免费视频| 男人天堂av网站| 午夜在线一区| 国内外激情在线| 三级欧美在线一区| 在线观看黄色av网站| 欧美成人自拍| 欧美情侣在线播放| 狠狠久久婷婷| freemovies性欧美| 捆绑调教美女网站视频一区| 国产精品高颜值在线观看| 亚洲欧美一区二区三区国产精品| 日韩一区二区三区高清在线观看| 日本高清不卡视频| 五月开心六月丁香综合色啪| 久久国产精品高清一区二区三区| 亚洲午夜伦理| 免费毛片在线| 亚洲专区一二三| 老汉色老汉首页av亚洲| 欧美一区二区三区色| 日韩成人av在线资源| 欧美一区二区三区四区在线观看| 免费毛片在线不卡| 午夜国产在线| 99久久精品免费观看| 国产精品国产三级在线观看| 99re6热在线精品视频播放| 成人精品电影在线观看| 蜜桃视频www网站在线观看| 狠狠色丁香久久婷婷综合丁香| 日本在线播放|