Han Phoumin is energy economist, Economic Research Institute for Asean and East Asia (ERIA).
Energy has been heavily subsidised across the globe. Energy subsidies, however, have exerted an extensive economic burden on many countries, particularly on developing economies. Removing the subsidies can bring about economic, social and environmental benefits in the long term, but rising costs of living in the short term. Therefore, policies that safeguard the poor and those depending on energy for living will be needed.