Sentences with phrase «fuel subsidies towards»
Redirection of Fossil Fuel Subsidies Towards Women Holds Huge Opportunity for Sustainable Development
https://www.iisd.org/ Not exact matches
Eliminate (100 %) all unsustainable tax incentives: Tax exemptions, subsidies, regulatory frameworks and other incentives are redirected towards sustainable, knowledge and employment - intensive sectors and local sustainable value chains and away from unsustainable activities, including industrial fisheries, forestry and agriculture, risky and otherwise unsustainable forms of energy production like fossil fuels, nuclear energy, unconventional energy production / franking and industrial bioenergy, extractive industries and chemical industry
«Your Administration can point to important areas where it is making real progress towards sustainability — including making major new investments in renewable energy, promulgating EPA rules on carbon pollution from power plants, and proposing to reduce fossil fuel subsidies, among others,» the letter reads.
Based on this study, countries already undergoing energy reforms (like Bangladesh, Indonesia, Morocco and Zambia) would especially benefit from SWAPs — the transfer of funds that normally go towards fossil fuel subsidies into sustainable energy investment, such as renewable energy and energy efficiency.
Over recent years, Indonesia's fuel and electricity subsidy reforms have made the country a leader in progress towards this commitment.
There are some observable shifts in finance that might facilitate incremental steps towards sustainable development, such as a growth in green bonds, large - scale investments in renewable energy and transport systems, high profile campaigns by large institutional investors to divest from fossil fuels, as well as commitments in the G20 to remove fossil fuel subsidies.
A measure that would remove roughly $ 6 billion in annual ethanol subsidies just passed the U.S. Senate, signaling, among other things, a shift in public attitude towards the once - heralded alternative fuel.
Furthermore, an estimated 11 - 18 % of global fossil fuel subsidies don't go towards directly lowering the prices that consumers pay, instead occurring in the form of tax breaks for fossil fuel companies and other forms of indirect support for industry.
And we could even do it without the burden of increased costs — if only we could eliminate fossil fuel subsidies and direct them towards renewables.
«Today $ 409 billion equivalent of fossil fuel subsidies are in place which encourage developing countries — where the bulk of the energy demand and CO2 emissions come from --[towards a] wasteful use of energy»
If that results in misallocation of resources we should review the subsidies, but at the moment they appear to be fixing some of the current misallocation of resources towards fossil fuels, so they're a good thing.