Sentences with phrase «subsidy 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.

In fact, according to a new report from the International Energy Agency and the Organisation for Economic Co-operation and Development, there are at least 250 different kinds of subsidies for the fossil fuels industry.

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.

[Comment 7 broaches the unmentioned issue of eliminating subsidies for fossil fuels.

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

In public polling, seventy percent of Americans oppose subsidies for fossil fuel companies, including 67 percent of Republicans and 80 percent of independents.

Unfortunately, however, government resources are actually flowing the other way: according to a report from the U.S. - based National Resources Defense Council, since 2009, global subsidies for fossil fuels have almost tripled to an estimated US$ 775 billion this year.

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.

As of November 2011, a large majority of Americans (70 %) also opposed federal subsidies for the fossil fuel industry (coal, oil, and natural gas), including majorities of Republicans, Democrats, and Independents:

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

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.

OTOH, simply abolishing subsidies for fossil fuel production would be a big step in the right direction.

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.

The US and China will be key to the growth in PV, with the need for their governments to offer solar incentives as well as reducing subsidies for fossil fuels.

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.

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.

Oil Change International estimates that the United States spends $ 37.5 billion on subsidies for fossil fuels every year.

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

The largest subsidy for fossil fuels, and their largest consumer, is provided by the US military, whose policy of «full spectrum dominance» is intended to maintain the dollar as the global reserve currency, priced in petroleum, with Treasury debt recycling things back to the (rapidly declining) Imperium.

Birol says subsidies for fossil fuels should be phased out in favour of support for renewables.

There's no surprise in this, but a new survey by Bloomberg New Energy Finance comparing subsidies for fossil fuels with those for renewable energy sources finds a glaring gulf — with the fuels of convenience getting around 10 times the advantages around the world as non-polluting energy sources.

The expected subsidy for fossil fuels during 2015 is projected to be $ 5.3 TRILLION — for one year!

Do you care, in any way shape of form, about the massive subsidies for fossil fuel usage due to externalities not within the contracted prices?

The international community has committed to phase out subsidies for fossil fuel use, including in the electricity sector.

Sanders, with representative Keith Ellison, recently proposed an End Polluter Welfare Act, which they say would cut $ 135bn of US subsidies for fossil fuel companies over the next decade.

These measures include levying a price on carbon emissions, eliminating tax subsidies for fossil fuels and ending implicit subsidies, such as leasing federal lands that contain coal or oil at rates below the fair market rate.

It emphasizes the need for WTO members to negotiate a «green space» to allow for enactment of national measures to combat climate change; to eliminate tariffs on environmental goods and services, within the current Doha Round or as a possible stand - alone initiative; and to re-establish as legal environmental subsidies that encourage the development of green technologies and prohibit subsidies for fossil fuel.

Not sure this has or ever will translate into a vote for carbon pricing or support for stronger national or international emissions targets or even clear support for renewables and an end to subsidies for fossil fuel miners and big users.

However, new research suggests that not much more investment would be required to meet the goal than the amount of public money that governments worldwide already spend every year on climate - harming subsidies for fossil fuel companies.

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

The women - led network hopes to bring awareness to the threat climate change poses to reproductive justice, and to end U.S. subsidies for the fossil fuel industry.

As usual with these things, it's always hard to be sure what will happen until the final deal is inked, but we can have a pretty good idea what will happen if the solar tax credits are not renewed or replaced (remember, these only partly balance out all the direct and indirect subsidies for fossil fuels that have been handed out for decades — it would probably be even more effective to remove fossil fuel subsidies than to give tax credits for renewables)...

Furthermore, said Huhne: «Globally, subsidies for fossil fuels outstrip subsidies for renewables by a factor of five.»

Eliminate federal subsidies for fossil fuels and re-direct those federal funds to renewable energy development and energy efficiency programs.

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

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.

«How can the Commission call on the EIB to grant $ 2bn to a mega gas pipeline and then release a report urging the member states and the same bank to do more to reduce 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.

Or as The Guardian pointed out in its summary of the IMF report, taxpayers are paying $ 10 MILLION per minute globally in subsidies for fossil fuels.

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.