Sentences with phrase «fuel subsidies in»

Drawing on its global experience and extensive analysis of fossil fuel subsidies, the International Energy Agency (IEA) undertook this in - depth look at reforms of fossil fuel subsidies in Mexico and Indonesia.
On Monday, the chief economist of the IEA urged the world to slash fossil fuel subsidies in non-OECD countries.
Subsidies Not Going To Those That Need It Most As for the concern that in many developing nations keeping energy prices artificially low is needed to help raise people out of poverty, Birol noted that just 8 % of fossil fuel subsidies in 2010 went to the poorest 20 % of people.
The two leaders have found common ground on limiting heat - trapping hydrofluorocarbons, investment in low - carbon technology, and tracking fossil fuel subsidies in the past.
Faced with dwindling profits from oil exports and a fiscal deficit, the government was forced to slash fuel subsidies in May 2008 — which at the time consumed 15 % of GDP.
SZ: You also mentioned the challenge that former Nigerian president Goodluck Jonathon had, when he stopped fuel subsidies in 2012.
In an effort to provide guidance for APEC economies to implement subsidy reform further, this report provides an updated status of fossil fuel subsidies in APEC economies, tracking major recent subsidy reforms made in APEC economies, estimating value of fossil fuel subsidies in the region to identify where the challenge remains to further reform subsidies.
The report also presents a Subsidy Reform Case, which assumes complete removal of fossil fuel subsidies in APEC by 2025, in order to see the impact of subsidy reform on the regional energy demand and CO2 emissions.
The report also delves deeper into the effects of fossil fuel subsidies in developing economies — where the majority of direct fossil fuel subsidies are handed out.
By 2014, the economic value of fossil fuel subsidies in Indonesia amounted to $ 27.7 billion.
Spending on fossil fuel subsidies in 2016 is projected to amount to less than 1 % of GDP, versus more than 3 % in 2014.
The IEA found that about 60 percent of fossil fuel subsidies in the APEC economies is now in the residential sector, for electricity, gas and LPG.
IISD along with 37 other groups wrote to the Government of Canada to press upon» «the importance of fulfilling its commitments to the G7 and G20 to reform and phase out fossil fuel subsidies in Canada over the medium term.»
Hopefully these will give a figure for fossil fuel subsidies in the UK, and one we can rely on....
For an overview of the main national fossil fuel subsidies in Europe, click on the following map below (which you can also find on our website):
The IEA has been measuring fossil - fuel subsidies in a systematic way for more than a decade.
When asked about fossil fuel subsidies in the U.S., the study's lead author says «[t] he U.S. can remove them.
They support the phasing out of fossil fuel subsidies in the «medium term» and pledge a huge boost to renewable energy, including through a new $ 2 billion «Low Carbon Economy Trust» to fund clean energy projects.
But the absence of fuel subsidies in most Asian nations is likely to mean the region feels the pain of the jump in crude prices far faster than was the case previously.
The SURE - P scheme was set up under the administration of the former President Goodluck Jonathan in reaction to the partial removal of fuel subsidy in 2012.
The United States Ambassador to Nigeria, Terence McCulley has said that his country's government is in support of the planned removal of fuel subsidy in the...
The SURE - P scheme was set up by the then President Goodluck Jonathan administration following the part removal of fuel subsidy in 2012.
Over N4.5 tn was spent on fuel subsidy in just two years under the PDP!»

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.
Quite the opposite, it is the fossil fuel industry that still enjoyed around half a trillion dollars in subsidies in 2014, according to the International Energy Agency.
The reason for this is that many countries in Asia used the prior period of falling crude prices to end, or dramatically scale back, their fuel subsidies.
Over the past couple of years, Emirates» expansion into the US market has been met with pushback from a coalition lead by American, Delta, and United Airlines (the US3) that claim Emirates» growth has been fueled billions of dollars in government subsidies.
And, fueled by over $ 100 billion in subsidies, while wind and solar have increased 10-fold over a decade, they still supply, respectively, just 0.3 % and 2 % of America's energy.
His rivals play off it on the campaign trail, with the NDP's Thomas Mulcair bemoaning billions in subsidies to the fossil fuel sector and Liberal Leader Justin Trudeau saying Harper «bet everything on the price of oil.»
The progress India has made in cutting back costly government subsidies on items such as fuel is a prime example of the advances being made in structural reforms under Prime Minister Narendra Modi.
A target of $ 250 million in reduced fossil fuel subsidies is our starting point, and a first step will be to allow for the use of the Canadian Exploration Expenses tax deduction only in cases of unsuccessful exploration.
Domestically, he moved forward on introducing land and labour reforms, and with the drop in crude oil prices, he has been able to reduce fuel subsidies.
Also in the Post, Terence Corcoran wonders whether Corn Cob Bob — the friendly spokesmascot for the Canadian Renewable Fuels Association — will survive its ongoing battle with the C.D. Howe Institute, which recently released a report questioning the environmental and economic justifications for corn ethanol subsidies.
This will be exacerbated in coming months as the governments of Indonesia, Malaysia and Thailand have implemented reductions in fuel subsidies.
In a 184 - page letter to Catholic leaders released Thursday, Francis warns of «unprecedented destruction of ecosystems, with serious consequences for all of us» and recommends renewable fuel subsidies and maximum energy efficiency to combat global warming.
#OccupyNigeria # was formed in 2012 by a group of middle class citizens in Nigeria to protest against removal of fuel subsidy by the Jonathan's administration.
Are you planning anything like that in response to this latest fuel subsidy removal?
With the government removing fuel subsidies and oil marketers refusing to sell diesel at pump prices, the cost of doing business in Nigeria is expected to double over the next three months especially as oil hits a benchmark price of $ 38 per barrel with the International Monetary Fund (IMF) predicting a further drop to $ 20 per barrel by mid-year.
Accelerate investment in renewables and end subsidies for any fuel that releases carbon into the air as breathe.
(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 prisoIn 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 prisoin 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 prisoin prison.
The Executive Director of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, says government needs to consider scrapping the subsidy on premix fuel, since such monies are only ending in private pockets through the diversion of the commodity meant for the country's fisher - folk.
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.
The deal, long in the making after Entergy signaled it would shutter the FitzPatrick plant in 2017, comes after state regulators put the final approval on new subsidies for renewable fuels, including nuclear power, potentially worth millions of dollars.
A former Chairman, House of Representatives Ad - hoc Committee on Fuel Subsidy, Mr. Farouk Lawan, on Tuesday appeared before a Federal Capital Territory High Court in Lugbe, as the Independent Corrupt Practices and other related offences Commission reopened its case of alleged bribery.
Both men were accused of collecting the money in April 2012 from Otedola in order to remove Otedola's companies» names from the list of firms indicted by the committee for allegedly abusing the fuel subsidy regime.
In fact, the bill Obama voted for raised taxes on oil companies by $ 300 million over 11 years while providing $ 5.8 billion in subsidies for renewable energy, energy efficiency and alternative fuelIn fact, the bill Obama voted for raised taxes on oil companies by $ 300 million over 11 years while providing $ 5.8 billion in subsidies for renewable energy, energy efficiency and alternative fuelin subsidies for renewable energy, energy efficiency and alternative fuels.
Green energy is also subsidized, but there difference between the two is immense... globally, green energy subsidies are in the billions, while fossil fuel subsidies are in the trillions.
(h) In the Appropriation Act, 2011 the sum of N245 billion was earmarked for fuel subsidy.
This include trillions squandered in fuel subsidy scam, billion Dasukigate scam, hundreds of millions of dollars taken from the NNPC by the former minister to bribe election officials in 2015, the list goes on.
«Furthermore, the issue of fuel subsidy resurfaced in the midst of the crisis.
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