Sentences with phrase «subsidies for fossil fuel energy»

This report is about exposing the G20 government use of public owned money (collected through taxation) on subsidies for fossil fuel energy production, which is mostly propping up the income of privatised power producing infrastructure using or mining of fossil fuels, both of which are inherently filthy industries.

A recent IMF paper put the magnitude of subsidies for fossil fuel energy sources at $ 5.3 trillion worldwide in 2015, including both direct fiscal costs and implicit subsidies from the failure to charge for environmental damages or tax energy at the same rate as other consumption products.

Not exact matches

Fossil - fuel subsidies drain government budgets, throwing up a fiscal wall that blocks state support for clean energy while protecting the interests of the oil industry.

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.

Ending fossil fuel subsidies would free up scarce public money for priorities like education, healthcare, and clean energy.

Assuming you believe in economic efficiency and a free market, you should be advocating a reduction in subsidies to energy companies for production of electricity by nuclear and fossil - fueled plants.

Re # 43, A «collosal political jump forward» would be for the US to strip all subsidies from the fossil fuel industry, and to strip all subsidies from fossil - fuel intensive agricultural industry as well (over $ 35 billion a year), and to deliver those subsidies to solar, wind, and carbon - neutral agricultural industries — as well as instituting a hefty carbon tax on all fossil fuels, and agreeing to strict emissions caps, and mandating energy efficient technology in all areas.

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 exaFossil 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 exafossil 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.

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.

Subsidies to fossil fuel industries are a huge problem, and have stood in the way of alternate energy development for a long time.

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.

Energy for all is linked to ending harmful subsidies on fossil fuels and unsustainable agriculture.

in industrial countries, the withdrawal of subsidies from fossil fuels and the establishment of equivalent subsidies for clean energy sources;

In industrial countries, withdraw subsidies from fossil fuels and establish equivalent subsidies for clean non-carbon energy sources;

Furthermore, powerful actors with vested interests in fossil fuels are working to remove the incentives for wind power that has made it competitive with the dirty energy sector that enjoys billions of dollars in subsidies.

Approaches to encourage the greater uptake of low - carbon energy - supply systems include reducing fossil fuel subsidies and stimulating front - runners in specific technologies through active government involvement in market creation (such as in Denmark for wind energy and Japan with solar photovoltaic (PV)-RRB-.

There was some bad news for Drax recently as the UK government decided that biomass subsidies would not keep climbing as the «carbon price floor» — levied on fossil fuel production (and due to rise further)-- on electricity consumption has caused a backlash from manufacturers, consumer groups and energy suppliers who are concerned that the «tax will push up prices, make the UK uncompetitive and force the premature closure of coal - fired power plants, increasing the risk of blackouts.»

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.

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.

The analysis performed by the World Energy Outlook is aimed at demonstrating the impact of fossil - fuel subsidy removal for energy markets, climate change and government buEnergy Outlook is aimed at demonstrating the impact of fossil - fuel subsidy removal for energy markets, climate change and government buenergy markets, climate change and government budgets.

Such policies would encourage economic growth as the foundation for a cleaner environment, responsible development and use of fossil fuels until superior energy sources are found, and repeal of many of the regulations, subsidies, and taxes passed at the height of the man - made global warming scare.

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.

Regardless of whether the IMF report gets to exactly the right number, the report provides a very credible starting point to argue over the right value to place on fossil fuel subsidies, and will be a baseline to begin rethinking the right pace for our global transition to clean energy.

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.

Fossil Fuel Subsidies, Public Finance and Leveraging Investment for Sustainable Energy via SWAPs (Nordic Clean Energy Week)

As part of the Nordic Clean Energy Week, this event will discuss the potential for reform of fossil fuel subsidies and reallocation of a proportion of the savings to fund the transition to clean eEnergy Week, this event will discuss the potential for reform of fossil fuel subsidies and reallocation of a proportion of the savings to fund the transition to clean energyenergy.

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

For example, a country may have an ambitious emission reduction target but its legal framework may continue to give preferential treatment to grid - based large - scale utility energy generation, or subsidies for fossil fueFor example, a country may have an ambitious emission reduction target but its legal framework may continue to give preferential treatment to grid - based large - scale utility energy generation, or subsidies for fossil fuefor fossil fuels.

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.

Energy companies reap even more subsidies for fossil fuel than for renewables.

«Germany has set up a system of legislation and subsidies to move away from fossil fuels toward renewable energy,» Martin Kaiser, executive director of programs for Greenpeace International in Berlin, told me.

Sanders claims that his plan will reduce emissions by establishing a revenue neutral carbon tax, eliminating subsidies for fossil fuels and increasing them for renewable energy.

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.

For decades the climate alarm movement has been pushing «solutions» that would handicap fossil fuels rather than make alternative energy more competitive — that is, cheaper without costly subsidies.

(Apparently for them the only good energy subsidy is a fossil fuel subsidy.)

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 - consEnergy 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 - consenergy from renewable sources produced by cities, energy communities and self - consenergy communities and self - consumers.

Democrats believe the tax code must reflect our commitment to a clean energy future by eliminating special tax breaks and subsidies for fossil fuel companies as well as defending and extending tax incentives for energy efficiency and clean energy.

The paper calls for «human dignity» to serve as a necessary guiding principle of climate policy and outlines three central objectives consistent with this guiding principle: (1) ensuring energy access for all, (2) developing clean and scalable energy technologies that are ultimately cost competitive with fossil fuels absent subsidy, and (3) building resilience to climate change.

These economic reforms can and should include carbon pricing, creating more liquid and fungible energy markets arbitrated by price, dispatch and carbon and eliminated subsidies for fossil fuels.

To go to scale, government is going to have to lead: loan guarantees for poor people, taking subsidies away from fossil fuels, making sure that when homeowners feed lowcarbon energy into the grid they get a good price from utilities.

As a means of comparison, in 2011 alone the International Energy Agency estimated that global fossil fuel direct subsidies were worth $ 523 billion, compared to $ 88 billion for renewables.

Besides the EPA regulations attempting to impose the substitution of «green» energy for fossil fuels, the one constant has been the demand for government and ratepayer subsidies for all these schemes.

It calls for a revenue - neutral carbon price, a 10 million person «clean energy workforce,» a 65 miles per gallon average fuel economy for cars and trucks by 2025, the construction of a nationwide high - speed rail network, a ban on oil drilling offshore and in the Arctic, and a phaseout of subsidies to the fossil fuel industry — all top items on environmentalists» wish lists.

Renewables» subsidies put sting into power bills The Australian Michael Owen 26 July 2016 Renewable energy output in Australia is subsidised by almost $ 3 billion a year, more than 19 times the amount for generation from fossil fuels, a report by an economic consultancy says.

Of course, in withdrawing any fossil fuel subsidies, absolute consideration has to be given to accessing energy for the poorest, therefore investment has to be made in sustainable energy alternatives.

But as long as the rich nations — and their big polluters — dictate the terms of the Paris accord, maintain unhealthy fossil fuel subsidies and refuse to establish a long - term market for renewable energy that includes putting a price on carbon emissions, a world that protects more vulnerable nations, humans, animals and plants from the impacts of climate change will remain a dream.

The list is long and worth many billions (sorry for caps); — GREENHOUSE GAS ABATEMENT PROGM (Carbon capture)-- NON-RECOVERY OF PUBLIC AGENCY COSTS — PETROLEUM EXPLORATION TAX CONCESSIONS — RESEARCH AND DEVELOPMENT ASSISTANCE — DIRECT SUBSIDIES TO FOSSIL FUEL PROJECTS — DIESEL FUEL REBATE SCHEME — EXEMPTION FROM EXCISE FOR ALTERNATIVE FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATfor caps); — GREENHOUSE GAS ABATEMENT PROGM (Carbon capture)-- NON-RECOVERY OF PUBLIC AGENCY COSTS — PETROLEUM EXPLORATION TAX CONCESSIONS — RESEARCH AND DEVELOPMENT ASSISTANCE — DIRECT SUBSIDIES TO FOSSIL FUEL PROJECTS — DIESEL FUEL REBATE SCHEME — EXEMPTION FROM EXCISE FOR ALTERNATIVE FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATFOR ALTERNATIVE FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENEenergy sink)-- CONCESSIONAL RATE OF EXCISE FOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATFOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATFOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATFOR CONDENSATE — SUBSIDISED SUPPLY OF COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENEENERGY SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATFOR CENTRALISED GENERATION

The researchers suggested switching $ 500bn in subsidies for fossil fuels worldwide to renewables as a «cost neutral» way to fast - track the energy transition.

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.