Sentences with «inefficient fossil fuel subsidies»
In addition to the work in the World Energy Outlook, the IEA has provided input to the G - 20 and APEC since 2009, when G20 leaders took a major step toward reforming energy subsidies and committed to «rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption», the IEA has provided input to the G - 20 and APEC in support of their commitments. (iea.org)
G7 leaders — major MDB shareholders — have committed to phase out inefficient fossil fuel subsidies by 2025 (G7 2016). (wri.org)
Together, they committed to «rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption». (iea.org)