Sentences with phrase «subsidies for fossil fuels by»

Environmentalists, meanwhile, have been urging the G20's members to commit themselves to phasing out subsidies for fossil fuels by the year 2020.

Not exact matches

Eliminating fossil fuel subsidies would slash global carbon emission by 20 percent and raise government revenue by 2.9 trillion, well over the funds needed for intelligent policy and action on climate adaptation.»

A study published today, by a group led by the International Institute for Applied Systems Analysis (IIASA), indicates that eliminating fossil fuel subsidies could curb global greenhouse gas emissions by as much as 5 % through 2030 while saving hundreds of billions of dollars in public money.

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.

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.

We could start by phasing out all subsidies for the production of fossil fuels and ethanol.

You can advocate for a cleaner electricity grid, responsible natural gas production, and an end to fossil fuel subsidies by supporting leading nonprofit groups like 350.org.

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.

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.

The momentum created by such commitments spurred dozens of nations, joined by the World Bank and other influential institutions, to pledge to cut subsidies for fossil fuels.

By contrast, subsidies for fossil fuels amounted to $ 409 billion in 2010.

Local produce would be competitive if not for fossil fuel subsidies and the fact that climate change damages and costs, due to fossil fuels, are also borne by the public.

In the near term, federal policy could: i) level the playing field between air captured CO2 and fossil - fuel derived CO2 by providing subsidies or credits for superior carbon lifecycle emissions that account for recovering carbon from the atmosphere; ii) provide additional research funding into air capture R&D initiatives, along with other areas of carbon removal, which have historically been unable to secure grants; and iii) ensure air capture is deployed in a manner that leads to sustainable net - negative emissions pathways in the future, within the framework of near - term national emissions reductions, and securing 2 °C - avoiding emissions trajectories.

While such subsidies account for the majority of subsidies to fossil fuels, there are numerous others that are not captured by the price - gap approach.

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent last year.

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 budgets.

The reduction of heat - trapping gas (greenhouse gas) emissions is stimulated by lowering existing subsidies that have the effect of raising emissions (such as subsidies to fossil fuel use) or by providing subsidies for practices that reduce emissions or enhance sinks (e.g. for insulation of buildings or for planting trees).

Tax credits, defined as a subsidy by the World Trade Organisation, are a key route of support for the fossil fuel industry.

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.»

Despite that, Saudi Arabia scaled back some fossil fuel consumption subsidies that artificially lowered the price of fuel for its citizens, increasing its country's gasoline prices by 50 percent.

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.

These subsidies include over $ 2 billion in funding for gas infrastructure from 2014 to 2020 allocated from the EU budget; and over $ 6 billion of funding by the EIB, and $ 2.3 billion by the EBRD, in total in fossil fuel projects from 2014 to 2016.

Other options include the transfer of IMF - created «special drawing rights» (reserve assets created by the International Monetary Fund that countries can exchange for hard currency) from rich to poorer countries, redirecting harmful fossil - fuel subsidies, reducing spending on ballooning military budgets, and taxing aviation and shipping.

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.

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.

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.

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.

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

Over that seven - year period, government subsidies to fossil fuels such as oil, coal and natural gas totaled about $ 72 billion, according to the study by the Woodrow Wilson International Center for Scholars and the Environmental Law Institute.

Germany has already started a subsidy for fossil - fueled plants bankrupted by the plunge in electricity prices — a subsidy that will just add to the very high surcharges levied on captive German rate - payers to reimburse renewable sources for costs they can't recover from market.

The report highlights: Trends in domestic energy demand and supply prospects to 2040, broken down by fuel and sector The outlook for the power sector and the increasing share of coal in the region's electricity generation The role that Southeast Asia will play in international energy trade and the implications for its energy expenditures The potential energy and environmental benefits of implementing pragmatic measures that would help limit the rise in the region's greenhouse - gas emissions An in - depth analysis of energy prospects in Malaysia to 2040 A focus on four key issues that will shape the direction of the region's energy system: power grid interconnection, energy investment, energy access and fossil - fuel subsidies

Yet, what 350.org most wanted from that conference, an end to fossil fuel subsidies, is now being called for by influential candidates from both big political parties in the US.

Justice for the poor can be delivered by funding climate adaptation and mitigation activities in developing nations with at least US$ 160 billion per year, by a commitment to reduce overconsumption, wherever it exists, to equitable, sustainable levels and by eliminating developed countries» subsidies on fossil fuels and shifting them to renewable energy.