Middle East Economic Survey


No 47


MEES Agenda

G20 Calls For Crackdown On $312Bn Energy Subsidy Bill

World leaders meeting at the G20 Summit in Seoul on 12 November called for a concerted effort to rationalize and phase out over the medium term, inefficient fuel subsidies that encourage wasteful consumption. The Seoul declaration shines a spotlight on what has become a major issue for energy policy makers, as highlighted by OECD watchdog the International Energy Agency...