气候变化领域集成服务门户(CCPortal): Electricity incentives for agriculture in Saudi Arabia. Is that relevant to remove them?

CCPortal

DOI	10.1016/j.enpol.2020.111589
	Electricity incentives for agriculture in Saudi Arabia. Is that relevant to remove them?
	Hasanov F.J.; Shannak S.
发表日期	2020
ISSN	03014215
卷号	144
英文摘要	Saudi Arabia has been implementing the domestic energy price reform (EPR) and fiscal reform since the end of 2015 under the Fiscal Balance Program (FBP), one of the key realization programs of Saudi Vision 2030 (SV2030). The EPR aims to increase the rational consumption of energy and budget revenues by gradually removing energy incentives across the economy by 2025 (FBP, 2019). This study assesses the impact of electricity incentives that the government provided for the development of the agricultural sector in the pre-reform period to find out how large its magnitude was and to determine whether removal of them in the sector is a relevant measure to take. We found that while these incentives had both short and long-run positive impacts on the agriculture growth, the magnitude of these impacts was quite small (the long-run elasticity is between 0.04 and 0.07 and the short-run elasticity is around 0.09–0.11). We also found that investing in capital stock and technological progress would lead to more and sustained development than a continuation of the government's electricity incentives in the sector. Additionally, we found that increases in temperature, primarily resulting from carbon emissions of fossil fuel consumption, is harmful to the sector's development. These empirical findings support the ongoing policy for the implementation of gradual removal of electricity incentives and suggest that some mitigation measures should be considered for the sector. In policy implementations, decision-makers should consider that the sector is capable of absorbing shocks, including policy interventions within two years. © 2020 The Author(s)
关键词	Agriculture Cointegration and equilibrium correction models Domestic energy price reform Electricity incentives Saudi Arabia
英文关键词	Agricultural robots; Budget control; Decision making; Economics; Elasticity; Fossil fuels; Agricultural sector; Carbon emissions; Consumption of energy; Empirical findings; Mitigation measures; Policy implementations; Policy intervention; Technological progress; Agriculture; agriculture; carbon emission; electricity; energy market; energy use; fiscal reform; fossil fuel; incentive; policy implementation; Saudi Arabia
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204696
作者单位	King Abdullah Petroleum Studies and Research Center, Riyadh, Saudi Arabia; Water Management, College Station-TX, Texas A&M UniversityTX, United States
推荐引用方式 GB/T 7714	Hasanov F.J.,Shannak S.. Electricity incentives for agriculture in Saudi Arabia. Is that relevant to remove them?[J],2020,144.
APA	Hasanov F.J.,&Shannak S..(2020).Electricity incentives for agriculture in Saudi Arabia. Is that relevant to remove them?.Energy Policy,144.
MLA	Hasanov F.J.,et al."Electricity incentives for agriculture in Saudi Arabia. Is that relevant to remove them?".Energy Policy 144(2020).