Fossil Fuel Subsidies in Thailand: Trends, Impacts, and Reforms

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): Economic Research and Regional Cooperation Department, ADB
Asian Development Bank (adb): Economic Research and Regional Cooperation Department, ADB

No RPT157695-2, ADB Reports from Asian Development Bank (ADB)

Abstract: Heavily dependent on imported energy sources, significant subsidies on fossil fuels present a heavy burden on public finances in Thailand. This study measures the size of fossil fuel subsidies such as tax breaks for diesel and natural gas, market price support for natural gas for vehicles, and free electricity for low income consumers as well as the potential economic, energy, and environmental impacts of reducing them. With adequate reallocation of subsidy savings, the short-term adverse impacts of subsidy reform are shown to turn positive in the long term as households and industry respond to changing market realities by adjusting energy demand, supply, and production capacity. The study offers policy advice for sustainable energy use to help guide Thailand’s reform strategies.

Keywords: thailand; fossil fuel; energy; fossil fuel subsidies; greenhouse gas emissions; diesel; natural gas; energy use; economic impacts; social programs; developing asia (search for similar items in EconPapers)
Pages: 53 pages
Date: 2015-10
New Economics Papers: this item is included in nep-ene, nep-env, nep-pr~ and nep-sea
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Citations: View citations in EconPapers (9)

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