Posted by minawu > 2023-06-17 13:33 | Report Abuse

1. price control mechanisms often discourage private investment as well as the efficient use of scarce resources; the removal of blanket subsidies would stimulate structural changes in the economy that would lead to increased productivity and efficiency.
2. incentivize consumers and businesses to move away from the current heavy reliance on fossil fuels to more environmentally friendly options, which would lead to reduced emissions and be an enabler for meeting emissions targets.
3. Targeted subsidies that allow direct cash transfers can provide assistance to those who need it most.
4. The right economic policy at the right time means that policies are tailored to local conditions.