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Fossil Fuel Subsidies & Social Safety Nets

Richer parts of society receive the lion’s share of benefits from fossil fuel subsidies. Governments that undergo subsidy reforms have the opportunity to better target subsidies to poorer sections of society for example via cash and other transfers through the development of more sophisticated social safety nets and measures to mitigate negative impacts reform

Ministers UAE and Oman Place Spotlight on Low Fossil-Fuel Pricing in the GCC

Low fossil-fuel prices are responsible for wasteful consumption in the countries of the Gulf Cooperation Council (GCC), said Al Mazroui, Minister of Energy of the United Arab Emirates, and Al Rumhy, Minister of Oil and Gas of Oman at the Abu Dhabi International Petroleum Exhibition and Conference on November 10, 2013. Al Mazroui framed the problem as one of setting low energy prices.

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