Sentences with phrase «fossil fuel consumption subsidies»

Eliminating all fossil fuel consumption subsidies by 2020 would cut global carbon emissions by nearly 5 percent while reducing government debt.

China came in fifth with fossil fuel consumption subsidies totaling $ 19.24 billion, 63 percent covering oil and 37 percent covering electricity.

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent.

According to the IEA, global fossil fuel consumption subsidies are over twice as large as subsidies for renewable energy in 2015, which amounted to $ 150 billion globally — $ 120 billion for non-hydro renewables for power generation and about $ 30 billion for renewables in other sectors, primarily biofuels.

The International Energy Agency (IEA) estimates global fossil fuel consumption subsidies that measure what many developing countries spend to provide below - market cost fuel to their citizens.

Saudi Arabia is the second - leading subsidizer of end - use fossil fuel prices, providing 61 percent of its $ 48.6 billion in fossil fuel consumption subsidies to oil, 26 percent to electricity, and 14 percent to natural gas in 2015.

Developed countries, such as the United States, do not have fossil fuel consumption subsidies, as seen in the chart below.

In 2015, IEA estimated that global fossil fuel consumption subsidies — used by many developing countries to provide below - market cost fuel to their citizens — totaled $ 320 billion, 35 percent lower ($ 173 billion less) than in 2014.

The International Energy Agency (IEA) estimates global fossil fuel consumption subsidies that measure what many developing countries spend to provide...

Fossil fuel consumption subsidies in developing countries are welfare transfers that can be differentiated from subsidies in the name of commercializing or sustaining uneconomic energy sources such as on - grid wind or solar, which the United States and other industrialized countries have been subsidizing.

Indonesia's fossil fuel consumption subsidies totaled $ 27.7 billion in 2014 with oil receiving the most (70 percent) and electricity, 30 percent.

Indonesia and Egypt ranked sixth and seventh, respectively, both funding at least $ 23 billion in fossil fuel consumption subsidies.

Of the $ 78 billion in fossil fuel consumption subsidies Iran paid, 52 percent covered oil, 29 percent funded natural gas, and the remainder (20 percent) went to electricity.

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent last year.

Iran leads the world in fossil fuel consumption subsidies providing $ 78 billion from its government resources in 2014 to lower the cost of fossil fuels to end - users in its country.

According to the IEA, global fossil fuel consumption subsidies are over 4 times higher than global renewable subsidies.

Russia ranked third with $ 39.6 billion in fossil fuel consumption subsidies, 44 percent covering natural gas and 56 percent going to electricity.

Oil subsidies make up over half of the total fossil fuel consumption subsidies, while electricity makes up 24 percent, natural gas 22 percent and coal 0.4 percent.

Egypt's fossil fuel consumption subsidies totaled $ 23 billion in 2014 and mainly funded lower petroleum prices.

Saudi Arabia is the second largest country subsidizing end - use fossil fuel prices, providing 69 percent of its $ 71.3 billion in fossil fuel consumption subsidies to oil, 19 percent to electricity, and 12 percent to natural gas in 2014.

Algeria, United Arab Emirates (UAE) and China ranked eighth, ninth and tenth in fossil fuel consumption subsidies, respectively, with subsidies totaling $ 20.2 billion (Algeria), $ 17.6 billion (UAE) and $ 17.4 billion (China).

Coal received $ 2 billion in fossil fuel consumption subsidies, just 0.4 percent of the total.

Fossil fuel consumption subsidies are most prevalent in the Middle East and in North Africa.

-- Implementing a partial phase - out of fossil fuel consumption subsidies accounts for 12 % of the reduction in emissions and supports efficiency efforts.

Not exact matches

But three types remain common: consumption subsidies in developing nations, consumption subsidies in rich developed countries, and subsidies for fossil - fuel producers.

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.

Together, they committed to «rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption».

There was some bad news for Drax recently as the UK government decided that biomass subsidies would not keep climbing as the «carbon price floor» — levied on fossil fuel production (and due to rise further)-- on electricity consumption has caused a backlash from manufacturers, consumer groups and energy suppliers who are concerned that the «tax will push up prices, make the UK uncompetitive and force the premature closure of coal - fired power plants, increasing the risk of blackouts.»

The value of global fossil - fuel consumption subsidies in 2016 is estimated at around USD 260 billion, lower than the estimate for 2015, which was close to USD 310 billion.

The CEAP also recognizes that «inefficient fossil fuel subsidies (IFFS) that encourage wasteful consumption distort energy markets, impede investment in clean energy sources, place a strain on public budgets, and incentivise unsustainable infrastructure investments».»

The International Energy Agency (IEA) annually estimates global fossil - fuel consumption subsidies that measure what many developing countries spend to provide...

Moreover, they drive climate change by encouraging the consumption of polluting fuels while tilting the playing field against renewable power and energy efficiency: Fossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing counFossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing counfossil - fuel importing countries.

In recent years, the total cost of fossil - fuel consumption subsidies worldwide has ranged from $ 480 billion to $ 630 billion per year, plus more than $ 100 billion spent every year in production subsidies.

The G20 fossil fuel subsidy review, pioneered in 2016 by US and China, is currently the only concrete step to make progress on the group's pledge from the 2009 summit in Pittsburgh to phase - out «inefficient fossil fuel subsidies that increase wasteful consumption».

Green Budget Germany, who recently released a report estimating the German energy - related subsidies to fossil fuel production and consumption at EUR 46 billion, expressed disappointment at the government yet another time failing to disclose energy subsidies that are harmful to the climate.

Fossil fuel subsidies increase energy consumption and act as a barrier to clean energy technologies.

Commentary: Fossil - fuel consumption subsidies are down, but not out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 DecembeFossil - fuel consumption subsidies are down, but not out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 Decesubsidies are down, but not out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 DeceSubsidies for fossil fuels are falling but remain much higher than those for renewables 20 Decembefossil fuels are falling but remain much higher than those for renewables 20 December 2017

A recent IMF paper put the magnitude of subsidies for fossil fuel energy sources at $ 5.3 trillion worldwide in 2015, including both direct fiscal costs and implicit subsidies from the failure to charge for environmental damages or tax energy at the same rate as other consumption products.

It is of course in the interest of polemicists to inflate the «subsidy» given to fossil fuels by throwing in some things that are not really subsidies to the generation or consumption of power from fossil fuels.

A coalition of 12 World Trade Organization Members is urging the WTO today to advance the discussion on fossil fuel subsidies, asking for transparency and reform of inefficient fossil fuel subsidies that encourage wasteful consumption.

In November 2015, the leaders of Asia - Pacific Economic Co-operation (APEC) economies, reaffirmed their landmark 2009 commitment to «rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption while recognizing the importance of providing those in need with essential energy services».

Analysis in the new WEO - 2017 showed that for the first time the largest share of global subsidies that benefit fossil fuel consumption went to keep electricity prices artificially low (41 % of the global total), ahead of oil (40 %) and natural gas.

The estimated value of global fossil - fuel consumption subsidies decreased by 15 % to $ 260 billion in 2016, the lowest level since the International Energy Agency started tracking these subsidies in the World Energy Outlook (WEO) ten years ago.

But while the figure for fossil - fuel consumption subsidies may be coming down, it remains much higher than estimated government support to renewable energy: subsidies for renewables in power generation amounted to $ 140 billion in 2016.

Of course an obvious first step would be to end subsidies for fossil fuel consumption, but I think that would require us to discuss politics...

«By 2030 phase out fossil fuel subsidies that encourage wasteful consumption.»

In addition, we strongly support efforts to rationalize and phase - out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption, and to continue voluntary reporting on progress.

The government of Iran spent the most on promoting fossil fuel consumption in 2010, doling out $ 81 billion in subsidies.