Sentences with phrase «global fossil fuel consumption subsidies»
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.
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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.
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...
According to the IEA, global fossil fuel consumption subsidies are over 4 times higher than global renewable subsidies.
Not exact matches
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 International Energy Agency (IEA) annually estimates global fossil - fuel consumption subsidies that measure what many developing countries spend to provide...
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.
Eliminating all fossil fuel consumption subsidies by 2020 would cut global carbon emissions by nearly 5 percent while reducing government debt.