Sentences with phrase «new subsidies for fossil fuels»

The European Commission today announced new subsidies for fossil fuels, with nearly $ 200 million for gas projects, as part of a larger package of energy investments for 2018.

You have to pinch yourself when the government announces another new subsidy for the fossil fuel industry, not only because they so recently said that renewable energy should stand on its own two feet, but also because they're announcing this just days before the latest climate conference in Paris — at which world leaders will gather to try and hammer out a global deal to reduce emissions.

Not exact matches

For example, an «energy security fee» of $ 3.50 per barrel of imported oil would raise approximately $ 15 billion annually; reduced fossil fuel subsidies as proposed by the administration could generate upwards of $ 35 billion over ten years; a utilities electricity fee could raise at least $ 2 billion annually, as included in the Kerry - Lieberman American Power Act; and royalties on new offshore continental shelf drilling could raise more than $ 100 billion over twenty years.

Most developed countries supported a text calling for a transition to a green economy that included phasing out fossil fuel subsidies, the use and production of renewable energies, and creating «green» jobs in this new economic model.

This new report documents, for the first time, the scale and structure of fossil fuel exploration subsidies in the G20 countries.

With a renewal of the wind production tax credit, which is designed to establish parity with the subsidies for fossil fuels, growth could be even faster in the years ahead, creating thousands of new jobs.

Global subsidies for fossil fuels have returned to levels not seen since before the financial crisis in 2008, estimated at $ 523 billion to $ 1.9 trillion, according to a new report.

Members of the EU Parliament's energy committee have supported reform of energy markets to restrict subsidies for dirty fossil fuel power plants, but failed to reject new gas infrastructure, in two important votes on climate and energy today.

But climate campaigners are calling for a ban on all NEW fossil fuel extraction projects, and it is the new projects that receive the heaviest subsidies from state governmenNEW fossil fuel extraction projects, and it is the new projects that receive the heaviest subsidies from state governmennew projects that receive the heaviest subsidies from state governments.

There is room for improvement in the Parliament's position, both in ensuring priority access for all new renewables, and in fully eliminating all capacity mechanisms that function as hidden fossil fuel subsidies.

The U.S. government is providing extensive support for fossil fuel production on public lands and waters offshore, through a combination of direct subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates, and other advantages to the industry, a new report released today finds.

Dr Birol also held meetings at the Ministry of Foreign Affairs and Trade, the Ministry of Environment and with New Zealand's Climate Change Ambassador, where the IEA and New Zealand agreed on the need to support global policy advice and quantitative analysis for the phase out of fossil fuel subsidies and the energy transition, both through bilateral collaboration and multilateral fora, such as APEC, the WTO and the G20.

A new report by Oil Change International identifies billions of dollars in subsidies for fossil fuel exploration from the world's wealthiest countries.

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.

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.

We want a climate strategy that will work for people and the planet — that means subsidies to the fossil fuel industry and new infrastructure projects like pipelines have no place in Canada.

New Zealand claim a top spot for rather hilariously, or not, urging countries to phase out fossil fuel subsidies while shelling out big bucks to prop up fossil fuel production to the tune of $ 80 million.