Sentences with phrase «renewable fuel subsidies»

Opponents of the resolution expected the Simmons amendment to be a poison pill, as it would include renewable fuel subsidies and oil industry tax breaks important to many ALEC legislators.

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.

Not exact matches

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.

The subsidy is part of larger effort to reduce the state's reliance on fossil fuels and transition to renewable energy.

Accelerate investment in renewables and end subsidies for any fuel that releases carbon into the air as breathe.

«His weak green light to renewable fuels, refusal to cut fossil fuel subsidies and his call for further imports, completely undermines last year's recognition of the need to end the nation's oil addiction,» she said.

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.

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 fuels.

The wind energy industry, where Britain could be a world leader, has been thrown into disarray by a published letter to Cameron calling on him to withdraw subsidies to renewable sources of energy and stick with nuclear and fossil fuels,

The bill language also proposes changes to the Internal Revenue Service code that would terminate fossil fuel subsidies, extend renewable electricity production tax credits for wind - generated electricity and permanently extend a business energy investment tax credit for solar or wind energy technologies.

In August that hole was plugged: The fuel Appel makes, known officially as renewable diesel, received a subsidy of $ 1 per gallon from the Energy Policy Act of 2005, which took effect in January.

Continuing the $ 1 - per - gallon subsidy for cellulosic ethanol and the renewable fuel standards will also help.

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 by putting the targets into law and mandating a set of regulations — including requiring 35 percent of the country's electricity to come from clean sources by 2024; establishing a voluntary carbon market; developing incentives to promote renewable energy; phasing out fossil fuel subsidies; and forcing companies in the largest carbon polluting sectors to report their emissions — they said the results could be groundbreaking.

Global energy - related emissions could peak by 2020 if energy efficiency is improved; the construction of inefficient coal plants is banned; investment in renewables is increased to $ 400 billion in 2030 from $ 270 billion in 2014; methane emissions are cut in oil and gas production and fossil fuel subsidies are phased out by 2030.

According to the International Energy Agency, fossil fuel subsidies from the government are 12 times greater than renewable energy.

The amount of subsidies in USD given to all renewable energy technologies, versus the $ USD 6 - 7 in subsidies given to fossil fuels (IEA World Energy Outlook).

Failure to do that amounts to a massive public subsidy to fossil fuels, which is why they appear to be (but actually are not) «cheaper» than renewable energy.

Fossil fuel interests are using their clout at the White House and in Congress to sabotage every renewable energy program that comes along, while make sure massive government subsidies, on the order of $ 100 billion a year when you count it all up, continue to flow to the fossil fuel industry (U.S. military expenditures are $ 500 billion a year, and good chunk of that is devoted to protecting overseas oilfields, for example).

Setting aside the fact that in many cases clean energy competes on its own merits — for instance in the case of well ‐ situated wind farms and Brazilian sugarcane ethanol — this analysis shows that the global direct subsidy for fossil fuels is around ten times the subsidy for renewables.

Fortunately, the relative added costs of today's renewable technologies are quite reasonable, especially if one factors in the subsidies that exist for fossil fuels and if we price carbon commensurate with the costs of its environmental damage.

These include ending subsidies for the fossil fuel industry, boosting energy efficiency, advancing renewable sources like wind and solar power and moving away from the idea that «drill baby, drill» is a solution.

-- Put a sufficiently high price on carbon and deliver the G - 20 commitment to phase out fossil fuel subsidies, using these funds to contribute to the several hundred billion US dollars per year needed to scale up investments in renewable energy.

According to the IEA, global fossil fuel consumption subsidies are over 4 times higher than global renewable subsidies.

My own research shows that, even taking the OECD's analysis at face value, when we compare the «subsidies» given to green and brown sectors on a unit - for - unit basis, the renewable sector enjoys thirteen times the subsidy that the fossil fuel sector received.

«Your Administration can point to important areas where it is making real progress towards sustainability — including making major new investments in renewable energy, promulgating EPA rules on carbon pollution from power plants, and proposing to reduce fossil fuel subsidies, among others,» the letter reads.

For instance, public investments that enhance energy efficiency or that promote switching to renewable fuels would help buffer consumers from fluctuations in future fuel costs while also driving deeper greenhouse gas reductions than subsidy removal alone.

Certainly once it has obtained a critical mass, renewables should not need any help but expecting renewables to expand without assistance while fossil fuels receive huge subsidies is ridiculous.

The debate over biofuels and economics has tended to focus on mandates and subsidies rather than carbon taxes — unsurprisingly, given the absence of carbon - taxing in the U.S. and the prevalence of large biofuel subsidies, primarily via the Renewable Fuel Standard.

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.

The Carbon Tax Center is often asked why a carbon tax is needed; wouldn't removing tax subsidies be sufficient to let efficiency and renewables compete on even terms with fossil fuels?

Moreover, they drive climate change by encouraging the consumption of polluting fuels while tilting the playing field against renewable power and energy efficiency: Fossil - fuel subsidies are five times greater than renewable energy subsidies, and they inflate domestic demand and discourage energy efficiency through artificially low energy prices, undermining the energy security of fossil - fuel importing countries.

A recent report published by the International Monetary Fund (IMF) has put a price on the direct and indirect subsidies that support fossil fuels as a counter argument to the renewables are «too expensive» message.

«The resolution as it passed it would apply not only to all vehicle types but it would also apply to subsidies and mandates of all fuel types, so that would include, for example, the renewable fuel standard,» Ebell, who chaired President Trump's EPA transition team, said.

Combined with fair subsidies to renewables equal to the trillions of dollars in depletion allowances to the fossil fuel industries, or their fair elimination, the playing field becomes level.

The «market conditions» that these ethanol producers are referring to is the fact that the average price of ethanol has dropped some 30 percent since May, as market subsidies combined with a lack of infrastructure for its delivery and use have created a surplus of the renewable fuel.

It's likely the first of many such deals by Claudia Cattaneo You know Canadian competitiveness is in big trouble when even investors in renewable energy — favoured by Canadian governments through subsidies, plus carbon taxes and regulatory overload on competing fossil - fuel energy — are leaving because they like lower U.S. taxes even more.

Fossil fuels still receive six times more subsidies than renewables.

Renewable technologies are already economically competitive with fossil fuels in a number of countries without subsidies.

Thanks to increasing pressure to reduce carbon emissions and cut the use of foreign oil, biofuels - renewable, home - grown and marketed as less damaging than fossil fuels - have used corporate and political clout to win billions in subsidies from the US taxpayer.

Renewable Energy World For at least the last 40 years, since the oil shocks in the 1970s, dealing with fossil fuel subsidies has been on the international agenda.

Michael Crosby, a friar from Milwaukee's Roman Catholic Province of St. Joseph of the Capuchin Order, countered that renewable energy is competitive and that fossil fuels receives subsidies too.

Politicians continue with $ 40 billion a year subsidies on fossil fuels (an IMF figure), where $ 41 billion is the estimated cost of reaching 100 % renewable energy.

Based on this study, countries already undergoing energy reforms (like Bangladesh, Indonesia, Morocco and Zambia) would especially benefit from SWAPs — the transfer of funds that normally go towards fossil fuel subsidies into sustainable energy investment, such as renewable energy and energy efficiency.

Schreiber also defended subsidies for renewable energy: «Fossil fuels are a mature technology while renewable energy is nascent and still developing.

Research institute Verso Economics reveals that for every «green job» created by taxpayer subsidy, 3.7 jobs are killed in the real economy and that, thanks to the artificial rise in energy prices caused by renewable subsidies, at least 50,000 people a year in Britain alone are driven into fuel poverty.

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 Decesubsidies are down, but not out Subsidies for fossil fuels are falling but remain much higher than those for renewables 20 DeceSubsidies for fossil fuels are falling but remain much higher than those for renewables 20 December 2017

«The EU should scrap all subsidies to nuclear and fossil fuel energy sectors and instead introduce new measures to promote renewable energies.

So in that time period, the US favored «subsidies» to fossil fuels (including the Strategic Oil Reserve, which I guess will count as a negative subsidy this year) over renewables by a ratio of ~ 2.5:1.

Ratio of fossil fuel subsidies to renewable energy subsidies: ~ 12.4 Ratio of energy from fossil fuel to energy from renewables: ~ 100