IEA: China must reduce its energy subsidies

Posted by Anonymous on 04/20/2011

The International Energy Agency (IEA) recently called on China to expedite the reduction of subsidies on electricity, gasoline and diesel.
During an interview with the Wall Street Journal, Nobuo Tanaka, the executive director of the IEA shared his agency’s concerns about China’s under-priced energy resources:

In the short term it is very difficult to predict the oil price or the energy price, but we know in the longer term the cheap-energy age is over. [the IEA] strongly recommends to this government phasing out fossil fuel subsidies.

We started making this same point three years ago: A 2007 report commissioned by the Alliance for American Manufacturing (AAM) showed that the Chinese government has exponentially boosted its steel output in the past decade through massive, trade-distorting energy subsidies. It’s about time the IEA stepped up its efforts to thwart these damaging practices.

Click here to read the full AAM report.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • MT @ScottPaulAAM Don't cheer 2Q GDP estimate yet: imports rose faster than exports, an unnecessary drag on growth. http://t.co/J7WUhVJxOT 3 hours 41 min ago
  • Missed the news last night? Here's a recap of the status of the legislation to keep the Highway Trust Fund solvent: http://t.co/3fNnYwW5KI 4 hours 49 min ago
  • ICYMI: Senate passed its version of Highway Trust Fund bill; shortened length of extension to Dec. instead of May 2015. Heads back to House. 17 hours 8 min ago
  • The Senate is now debating legislation to reauthorize the Highway Trust Fund (well, until May 2015). Watch on @cspan: http://t.co/7h65biQlFz 21 hours 11 sec ago
  • RT @SteveRattner: Amazing shift in US jobs -- gone from making things to taking care of sick people http://t.co/44ZBilZiCg 21 hours 56 min ago
  • We must be close to election season. Candidates are talking a big game about unfair trade on the campaign trail: http://t.co/vsahfLZSb4 1 day 21 min ago
  • Looks like @amazon is getting into the 3D printing business. http://t.co/dHa0askSK9 1 day 1 hour ago
  • RT @WisconsinOven: MT @KeepitMadeinUSA @ScottPaulAAM shares ideas in @HuffingtonPost on how to restore American manufacturing leadership:ht… 1 day 2 hours ago
  • BTW, ALL the machines at that Indianapolis Adidas plant helped produce LeBron jerseys. http://t.co/InVSaeooRv Plus more in Iowa & Cleveland. 1 day 2 hours ago
  • !!! RT @darrenrovell The LeBron jersey assembly line at Adidas facility in Indianapolis http://t.co/FCcJz76kpa 1 day 2 hours ago