Analysis of Fossil Fuel Subsidies in Kazakhstan

Lyazzat Nugumanova

No 159103, International Conference and Young Researchers Forum - Natural Resource Use in Central Asia: Institutional Challenges and the Contribution of Capacity Building from University of Giessen (JLU Giessen), Center for International Development and Environmental Research

Abstract: During the last decades the topic of fossil fuel subsidies has been gaining importance in the policy discussion. International Energy Agency (IEA) (2011) estimates that the total global fossil fuel subsidies in 2010 amounted to $409 billion. Kazakhstan is energy-rich country with significantly high subsidies on fossil fuels. Fossil fuel subsidies are a distortion which causes inefficient use of energy and natural resources, high CO2 emissions, distort the energy markets, put pressure on the state budget, and hinder investments into energy sector and renewable energy and thus long-term sustainable development in Kazakhstan. Removing fossil fuel subsidies could be in the long-term beneficial for Kazakhstan. The main research question is to analyze macroeconomic effects of removing current distortions in the energy market using the computable general equilibrium model (CGE), GTAP. The specific objectives are to understand the issue and the extent of fossil fuel subsidies in Kazakhstan, analyze implications of these subsidies, and provide general policy suggestions on this topic. This paper first presents main data on fossil fuel subsidies, energy and environment in Kazakhstan, literature review, methodological approach suitable for this research and expected results.

Keywords: Environmental Economics and Policy; International Development; International Relations/Trade; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 9
Date: 2013-10-01
New Economics Papers: this item is included in nep-cmp, nep-cwa, nep-ene, nep-env and nep-tre
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ugidic:159103

DOI: 10.22004/ag.econ.159103

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