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Fossil fuel subsidy reforms and their impacts on firms
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Energy Systems Analysis.
2017 (English)In: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 108, 617-623 p.Article in journal (Refereed) Published
Abstract [en]

While the potential adverse effects of fossil fuel subsidy reform are well documented for households, the literature has largely ignored the effect of subsidy reform on firms' competitiveness. This paper discusses how firms are affected by, and respond to, energy price increases caused by subsidy reforms. It highlights that cost increases (both direct and indirect) do not necessarily reflect competitiveness losses, since firms have various ways to mitigate and pass on price shocks. This paper presents and discusses direct and indirect transmission channels for price shocks, and firms' response measures: absorbing cost shocks into profits, inter-fuel substitution, increasing energy and material efficiency, and passing on price increases. It argues that further micro-econometric studies using enterprise surveys are essential for quantifying the role of these mechanisms, and for designing policy measures that ensure that competitiveness losses due to subsidy reforms are minimised.

Place, publisher, year, edition, pages
Elsevier, 2017. Vol. 108, 617-623 p.
Keyword [en]
Fossil fuel subsidies, Reform, Firms, Competitiveness, Response measures
National Category
Energy Systems
Identifiers
URN: urn:nbn:se:kth:diva-212582DOI: 10.1016/j.enpol.2017.06.036ISI: 000406725800057Scopus ID: 2-s2.0-85033401580OAI: oai:DiVA.org:kth-212582DiVA: diva2:1135896
Note

QC 20170824

Available from: 2017-08-24 Created: 2017-08-24 Last updated: 2017-11-27Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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  • ieee
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  • vancouver
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More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf