New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations
Electronic Access:
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Summary:
Jordan’s initiatives to reduce its energy dependency could have substantial macroeconomic implications, but will crucially depend on the level of international oil prices in the next decade. Significant uncertainties remain regarding the feasibility of the initiatives and their potential fiscal costs, including from contingent liabilities, could be very large. Given the lead time required for such major investments, work should start now on: (i) conducting comprehensive cost-benefits analysis of these projects; (ii) addressing the challenges arising from the taxation of natural resources; and (iii) designing a fiscal framework to anchor fiscal policies if revenue from these energy projects materializes.
Series:
Working Paper No. 2015/115
Subject:
Commodities Environment Imports International trade Oil Oil prices Prices Renewable energy Tariffs Taxes
English
Publication Date:
May 28, 2015
ISBN/ISSN:
9781513544038/1018-5941
Stock No:
WPIEA2015115
Pages:
21
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