The Analytical Center has prepared and published the book "Energy subsidies in the modern world. Countries of the "Group of Twenty", which describes the experience of the government support in the fuel and energy sector in G20 countries. Experts believe that policies of these countries in the field of energy subsidy are also important for Russia's foreign policy, as Russia is a major exporter of energy resources, and to assess the ways of development of the world energy (in 2013 the share of G20 countries accounted for about 80% of world GDP).
The book "Energy subsidies in the modern world. Countries of the "Group of Twenty" focuses on subsidies in the field of fossil fuels, renewable energy resources and other forms of government support, that influence the formation of the energy demand in the country. Authors analyzed the impact of energy subsidies on the national economy and policy, gave a brief description of each country's fuel and energy sector, including energy balance and energy consumption by industry, described key challenges of the FEC, and official strategic objectives of the sector.
The main results of the presented research include basic measures of subsidizing of the fuel and energy sector in the countries of the "Group of Twenty", systematized by directions and recipients of support, as well as the effects of subsidies for domestic politics and economies.
The analysis showed that, despite the stated policy of non-fossil-fuel subsidies at a high international level, the fossil fuel-based support of the government for energy sector is still used in some developed countries, that sometimes has a sensitive influence on the national economy and domestic policy. The presence of significant negative effects of subsidies for fossil fuels, coupled with the expansion of political support for renewable energy leads to the shift of the "center of gravity" of subsidies in the development of renewable energy.
Experts point out that emerging countries extremely differ by their socio-economic characteristics and nature of FEC, but energy subsidies for these countries tend to play a significant role. In the context of low income and high-energy poverty, the social aspect of subsidy is very important, and therefore, according to the publication, the bulk of global grants in the field of fossil fuels is concentrated in large emerging countries. This, according to the experts, refers both to net exporters and net importers of energy.
The experts have addressed their publication to the federal ministries and departments, experts in the energy industries and scientists involved in research in the field of the world energy, and especially in the countries of the "Group of Twenty." This publication was prepared under the editorship of Leonid Grigoriev, the Chief Adviser to the Head of the Analytical Center, and Alexander Kurdin, the Head of the Department for Strategic Studies in Energy of the Analytical Center.
The full text of the publication is available on the website of the Analytical Center in the section "Publications". (In Russian)