The phrase
"subsidy removal" refers to the process of stopping financial assistance or support provided by the government to certain industries, products, or services.
Full definition
The regional differences highlight one very important aspect
of subsidy removal that needs to be taken into consideration: the impacts on the poor.
Addressing the Council of Traditional Rulers, led by the Etsu Nupe, Alhaji Yahaya Abubakar, during the monarchs» visit to his home for the Eid - el - Kabir celebration, the governor noted that non-functional refineries caused the
planned subsidy removal.
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.
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.
What we know from reading the actual findings of this study, as well as several other analyses on the climate impacts of fossil
fuel subsidy removal, is that nixing oil, gas, and coal subsidies would be a big win for the climate, would save money, and could free up financial resources to help the poorest and most vulnerable.
LAWMAKERS yesterday restated their opposition to fuel
subsidy removal, which the executive insists must be done.
«As much as I will say, the senate has not come up with a position on that (
subsidy removal); if you we are going to remove subsidy or increase Value Added Tax (TAX), we must strike a balance.
Occupy Nigeria is an anti-fuel
subsidy removal protest that started in Nigeria on 2 January 2012 in response to fuel subsidy removal by the Federal government of Nigeria on 1 January 2012.
Even Vice-President Yemi Osinbajo, currently acting president, had in 2016 claimed that the fuel
subsidy removal has erased the burden of some N15.4 billion monthly on government.
The largest emissions savings would be in oil and gas exporting countries, where fewer poor people would be affected, and
subsidy removal can be aided by currently low oil prices.
In these regions, the emissions savings caused by
subsidy removal would either equal or exceed their climate pledges.
In addition,
subsidy removal would not boost renewable energy use significantly, the team found.
The analysis finds that a single policy tool — fossil fuel
subsidy removal — could deliver emissions reductions equivalent to one - quarter of all current country commitments under the landmark Paris Agreement on climate change.
When it comes to fossil fuel
subsidy removal, it's not a question of how much these emissions reductions will cost government, but a question of how much governments can save while also significantly reducing emissions.
What we know from reading the actual findings of this study, as well as several other analyses of the climate impacts of fossil fuel
subsidy removal, is that nixing oil, gas, and coal subsidies would be a big win for the climate, would saves money, and could free up resources to help the poorest and most vulnerable.
A bigger sticking point, however, is likely to be that
subsidy removal is proposed by a Democrat president.
Libertarian think - tanks like Heartland and Cato Institute should be waving this banner, but I suspect that
subsidy removal would cut deeply into the pockets of important donors to these institutions.
The largest emissions savings would be in oil and gas exporting countries, where fewer poor people would be affected, and
subsidy removal can be aided by currently low oil prices.
Phrases with «subsidy removal»