Fossil -
fuel subsidies drain government budgets, throwing up a fiscal wall that blocks state support for clean energy while protecting the interests of the oil industry.
Not exact matches
Fossil -
fuel subsidies impose a significant economic and environmental burden around the world, distorting markets and
draining national budgets.
With lower EREI, some types of fossil
fuels may be already
draining resources from other parts of society through government's
subsidies.
This brief presents that in Egypt, spending on
fuel subsidies was a
drain on public finances with benefits skewing toward the rich and exacerbating inequalities.
INSIGHT: Annual trillion dollar fossil
fuel subsidies are a massive
drain on national economies, as well as environments.
International Energy Agency provides an analysis of fossil
fuel subsidies, which disproportionately go to the rich and middle class,
drain state budgets, increase pollution, distort markets, encourage waste, and discourage investment in methods to reduce energy use.