markets Energy subsidies

The GCC states could now encourage the replacement of other cheap and energy-inefficient “Made in China” appliances, that have flooded the local markets. Energy subsidies have for decades been at the core of the government-society ruling contract in the monarchies. It would therefore be easier for them politically to promote more efficient alternative goods than try to influence consumer behaviour by reducing subsidies. At the same time, lowering subsidies and raising tariffs – both for water and for electricity – are tools that some GCC governments have gradually introduced, and seem necessary given the amount of wasted energy in the region. สล็อต