Energy subsidies: an international policy

Journal Article · · Resources; (United States)

OSTI ID:6842734

Russell, M

Dr. Russell feels that the criteria applied to energy production and conservation subsidies and government policies adopted to promote energy development must consider the gap that has developed because energy-consumption behavior lags behind energy realities. The economic rationale for subsidizing indigenous sources can be based on world prices, security, economic stability, manpower development, socio-economic development of specific regions, and traditional encouragement of infant industries; but the ultimate test according to Dr. Russell, should be whether the country is better off in the long run. He suggests that government subsidies of alternative technologies include a mechanism of dropping support to those processes that will not enhance national well-being, or that will not extend the world's resources. The skills and capital can then be applied to the most-promising processes. (DCK)

• OSTI ID: 6842734
• Journal Information: Resources; (United States), Journal Name: Resources; (United States) Vol. 65; ISSN RESUB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
FINANCIAL INCENTIVES
GLOBAL ASPECTS
GOVERNMENT POLICIES
SUBSIDIES
TECHNOLOGY ASSESSMENT