It came across to many as a step back from the agreement of a G - 20 meeting last year in Pittsburgh, where leaders formally proposed phasing
out subsidies for fossil fuels.
While more than 53 countries now have publicly committed to phase -
out subsidies for fossil fuels, little concrete progress has been made.
Environmentalists, meanwhile, have been urging the G20's members to commit themselves to phasing
out subsidies for fossil fuels by the year 2020.
Commentary: Fossil - fuel consumption subsidies are down, but not
out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 December 2017
The most the G20 gathering could manage this time around on the climate front was a solemn nodding of the heads when Obama suggested that it would be a great idea if they phased
out subsidies for fossil fuels.
We will fulfill Canada's G - 20 commitment to phase
out subsidies for the fossil fuel industry.
The international community has committed to phase
out subsidies for fossil fuel use, including in the electricity sector.
Not exact matches
The Communiqué calls on the international community to increase efforts to phase
out perverse
subsidies to
fossil fuels by promoting policy transparency, ambitious reform and targeted support
for the poorest.
An unprecedented coalition of close to 40 governments, hundreds of businesses and influential international organisations has called today
for accelerated action to phase
out fossil fuel subsidies, a move that would help bridge the gap to keep global temperature rise below 2 °C.
We could start by phasing
out all
subsidies for the production of
fossil fuels and ethanol.
-- Implementing a partial phase -
out of
fossil fuel consumption
subsidies accounts
for 12 % of the reduction in emissions and supports efficiency efforts.
By subsidizing
fossil fuels here, along with providing
subsidies for highways, spreading our communities
out ever more widely in sprawling suburbs, and discouraging rapid transit development almost everywhere the U.S. has made sure that oil producers would be enriched around the world
for as long as the pumps were working.
Since 2009, the IEA has actively contributed to all energy work streams of the G20 — a group that accounts
for 85 % of the global economy and 75 % of global energy demand — covering topics ranging from energy security and market transparency, to energy efficiency and the phase
out of
fossil fuel subsidies.
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.
Generous government
subsidies are actually propping up
fossil fuel exploration which would otherwise be deemed uneconomic, states the report, «The
fossil fuel bail -
out: G20
subsidies for oil, gas and coal exploration.»
In 3 legislative files currently negotiated in Brussels the European Parliament progressed on financing matters: reporting on
Fossil Fuel Subsidies phase -
out; the linking the EU budget comes to national climate ambitions; a climate impact assessment tool
for EU investments; and a 40 % climate earmarking target
for the Juncker Investment Plan.
The statement, signed by Aviva, Aegon NV, and MS Amlin, calls
for governments to set «a clear timeline
for the full and equitable phase -
out by all G20 members of all
fossil fuel subsidies by 2020.»
Major global insurance companies are urging G20 leaders to commit to a specific timeline
for rapidly phasing
out fossil fuel subsidies — something they've repeatedly failed to do over the years despite numerous promises to end support
for the industry.
It calls
for policy measures, including fiscal, financial and economic incentives, phasing
out fossil fuel subsidies, and pricing carbon.
Regarding the National Energy and Climate Plans (NECPs), the European Parliament set
for a binding template
for the NECPs and added into the template many important details, e.g. on phase
out of
fossil fuel subsidies, Member State's national trajectories
for maintaining and enhancing the carbon removals from sinks as well as trajectories and objectives
for energy from renewable sources produced by cities, energy communities and self - consumers.
«Phasing
out current
subsidies for wind, solar, ethanol, and
fossil fuels» could be meritorious on its own, but how much does this generate, and does it even pass a political laugh - test?
As I pointed
out to Gary, solar is subsidized more per unit than
fossil fuels are, so if removing
subsidies for both were to happen, solar would be impacted to a greater degree.
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.
An unprecedented coalition of 36 governments, hundreds of businesses and influential international organisations has called today
for accelerated action to phase
out fossil fuel subsidies
Further, the Indian government has made major progress in its phase -
out of
fossil -
fuel subsidies, of which the most important step has been a reduction of
subsidies for imported oil, a shift that has accompanied the international collapse of oil prices.
Every few months — or constantly, depending on your attention span — we hear another round of passionate recommendations that
fossil fuel subsidies be phased
out to level the playing field
for clean energy.
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.
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 % o
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 % o
subsidies in 2010 went to the poorest 20 % of people.
That's why we asked President Obama to come and lend his weight to a number of important outcomes - from phasing
out fossil fuel subsidies to mobilizing $ 500 million to support clean energy access, to increasing support
for reproductive health and contraceptive access (not to mention a host of others).
To recap, Rio has the potential to engage the world's youth to help push
for meaningful progress on phasing
out fossil fuel subsidies, delivering universal clean energy access, and promoting women's rights and slowing global population.
Phasing
Out Subsidies Considered For A While Addressing the market - distorting and environmentally detrimental effect of fossil fuel subsidies has been on the table for s
Subsidies Considered
For A While Addressing the market - distorting and environmentally detrimental effect of fossil fuel subsidies has been on the table for some ti
For A While Addressing the market - distorting and environmentally detrimental effect of
fossil fuel subsidies has been on the table for s
subsidies has been on the table
for some ti
for some time.
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.
An anti-coal symbol represented the demand
for a phase -
out of
subsidies for fossil fuels.