Sentences with phrase «faces subsidy cuts»
A Washington Post story by Michael Birnbaum and Anthony Faiola («Solar industry faces subsidy cuts in Europe») evaluates the decision made by the German government that will drastically reduce the subsidies that have given solar power the appearance of profitability in that nation:
https://www.thenewamerican.com/ Not exact matches
Kuwait's plan to impose corporate taxes and cut fuel subsidies to reduce the OPEC member's reliance on oil faces a familiar obstacle: a parliament that has resisted previous attempts to Continue Reading
Low oil prices are taking a heavy toll on Saudi Arabia's economy, which is facing even greater austerity under deputy crown prince Mohammad bin Salman Al Saud's plans to raise $ 100 billion a year from subsidy cuts and new levies.
This has the industry scratching its head and alongside the UK's volte - face on solar subsidy, not to mention yesterday's stirring declaration on cutting green energy costs, can only have one effect: to confirm, once again, that the UK is signed up but not altogether committed.
Britain will be going the way of Germany: facing a much increased risk of power cuts, multiplication of energy bills, 100s of billions in subsidies and related problems throughout the economy.
After several years of using oil money to support wheat prices at five times the world market level, the government was forced to face fiscal reality and cut the subsidies.