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New Energy Sources for Jordan: Macroeconomic Impact and Policy Considerations
Author:
Mr. Andrea Gamba null

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Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 115
Language:
English
Publication Date:
28 May 2015
DOI:
https://doi.org/10.5089/9781513544038.001
ISBN:
9781513544038
ISSN:
1018-5941
Pages:
21
Keywords:
WP; authority; cost; Jordan; monopoly power; energy strategy; energy; Middle East; fiscal policy; import bill; NEPCO cost recovery; import savings; maintenance cost; fuel mix; Oil prices; Oil; Imports; Renewable energy; Tariffs
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund