Low Carbon Green Growth Roadmap for Asia and the Pacific - FACT SHEET - Subsidy reforms

In Indonesia, for example, more than 70 per cent of Subsidy reform explained fossil fuel subsidies directly benefited the 40 per cent top-income households, while to the most disadvantaged, constituting 40 per cent of the lowest-income households, only 14 per cent of the subsidies distribution could be The Organisation for Economic and Co-operation and Development defines a subsidy as “a measure t. [...] There are some important questions and steps to be considered when initiating the subsidy review, which should include a thorough analysis of whether subsidies benefit the most disadvantaged as intended, what market distortions need to be corrected, impact of the subsidy phase-out on the disadvantaged and on the key sectors of the economy, compensatory measures and garnering public support. [...] The survey does not impact of the subsidy phase-out on the disadvantaged and on the key sectors of the economy, compensatory include subsidies specifically allocated to extend access to basic energy services. [...] Subsidy reform may lead to negative impacts on the livelihoods of the clean and renewable energies and other activities related to the greening of the economy. [...] Subsidy reform may lead to negative impacts on the livelihoods of the clean and renewable energies and other activities related to the greening of the economy.