Sentences with phrase «fuel subsidies amount»

Fossil fuel subsidies amount to hundreds of billions of dollars worldwide, and removing them has been held up as a key answer to climate change mitigation.

Not exact matches

He said the governors» position was informed by the huge amount of money being spent by the NNPC as payment for fuel subsidy annually.

(Posted 24 December 2011) Significant current scandals, and those yet to come In no particular order Top salaries and bonuses - boardroom and shareholder individual responsibility The multiple between top and average pay Lawyers fees - the cost of the legal process Medical negligence claims against the NHS Care and treatment in the NHS «No win, no fee» personal injury compensation Democracy and the voting system Lords reform Political party funding The domestic energy market and pricing The Tax system and its inefficiencies and complexities Subsidies for new energy generation schemes The amount of crime fuelled by Drugs The availability of drugs in prison.

He explained that the initial amount budgeted for the settlement of subsidy claims only covered the period from January to September adding that it was important to include October to December in the budget in order to avert scarcity of fuel.

Mohammed said: «The position of the House is that we don't even know the amount spent on fuel subsidy.

Recalling that Vice President Yemi Osinbajo had, in December, informed Nigerians that the NNPC has been paying subsidy on fuel, Ologbondiyan said the Federal Government has refused to tell Nigerians who the beneficiaries are, the amount involved and who authorised the payment, because of the inherent corruption in the deal.

The amount of subsidies in USD given to all renewable energy technologies, versus the $ USD 6 - 7 in subsidies given to fossil fuels (IEA World Energy Outlook).

Failure to do that amounts to a massive public subsidy to fossil fuels, which is why they appear to be (but actually are not) «cheaper» than renewable energy.

As we're seeing with corn based ethanol, the amount of subsidy is based entirely on political considerations and not on whether the fuel provides a public good.

Quite unnoticed in the GW hysteria is the amount of our taxpayer dollars that go to the fossil fuel industry in the form of direct and indirect subsidies.

By contrast, subsidies for fossil fuels amounted to $ 409 billion in 2010.

2) The amounts you talk about PALE in comparison to the ANNUAL amounts spent globally on fossil fuel subsidies

From 2007 to 2013, corn ethanol interests spent $ 158 million lobbying for more mandates and subsidies — and $ 6 million in campaign contributions — for a fuel that reduces mileage, damages engines, requires enormous amounts of land, water and fertilizer, and from stalk to tailpipe emits more carbon dioxide than gasoline.

Spending on fossil fuel subsidies in 2016 is projected to amount to less than 1 % of GDP, versus more than 3 % in 2014.

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.

By 2014, the economic value of fossil fuel subsidies in Indonesia amounted to $ 27.7 billion.

According to the Environmental Law Institute, U.S. fossil - fuel subsidies and tax breaks currently amount to $ 8 - $ 10 billon per year.

Someone has already crunched the numbers for us (see link below) and found that subsidies for fossil fuels amounts to $ 15,720.69 per megawatt - hour while subsidies for solar amounts to $ 19,280.42 per megawatt - hour.

The amount of subsidies in USD given to all renewable energy technologies, versus the $ USD 6 - 7 in subsidies given to fossil fuels (IEA World Energy Outlook).

Meanwhile, the temptation to invest in coal, oil and gas is heightened by countries» fossil fuel subsidies that, worldwide, amount to $ 1.9 tn a year, according to the International Monetary Fund.

So to pull the curtain back a little: The IMF thinks that a failure to add an additional layer of tax on gasoline and diesel amounts to a subsidy to fossil fuel companies, while at the same time ignoring the taxes that are currently collected at the pump.

Renewables» subsidies put sting into power bills The Australian Michael Owen 26 July 2016 Renewable energy output in Australia is subsidised by almost $ 3 billion a year, more than 19 times the amount for generation from fossil fuels, a report by an economic consultancy says.

Today, Oil Change International released a comprehensive report on fossil fuel exploration and production subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and cfuel exploration and production subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, subsidies in the U.S. — Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and cFuel Production Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, Subsidies under Obama — which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is channeling huge and growing amounts of money to increasing discovery and production of oil, gas, and coal.

The federal coal leasing program amounts to a major fossil fuel subsidy, favoring coal at the expense of cleaner forms of generating electricity.A recent federal court ruling rejected BLM's argument that increasing the supply of coal would not increase carbon pollution, in part because coal competes with cleaner methods of generating electricity.

The federal coal leasing program amounts to a major fossil fuel subsidy, favoring coal at the expense of cleaner forms of generating electricity.

Compared to existing New Jersey state subsidies for solar at fifty times this amount per megawatt - hour, the proposed help for nuclear plants would provide outstanding environmental protection value while paying for itself through lower fossil fuel bills and retained in - state jobs and tax revenue.

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.

• Size of the current and historical R&D budget, both public and private, is not the only criterion — huge amounts have been spent on solar panel (photovoltaic, or PV) R&D over the decades, and PVs still are not able to compete with fossil fuels or nuclear power without huge subsidies.

The International Energy Agency (IEA) reported this month that fossil fuel subsidies currently amount to nearly half a trillion dollars.

Estimates suggest that, globally, this approach to funding could amount to $ 1.9 trillion from ending fossil fuel subsidies, $ 485 billion annually from eliminating agricultural subsidies, and $ 27 billion from ending subsidies for marine trawling.

Stunt highlights that massive amounts of public money go to subsidies for fossil fuels, rather than climate finance and renewables.

Who: Civil society will be staging a photo stunt to highlight the massive amounts of public money going to fossil fuel subsidies while climate finance receives tiny amounts by comparison.