Rhein on Energy and Climate

With oil prices having declined to less than $90 per barrel, a low level not seen for more than a decade, oil/gas subsidies are becoming a costly affair to countries with high production costs like Russia, Egypt, Yemen, Venezuela, Indonesia. At the same time, due to the lower prices consumers enjoying them will hardly feel the abolition of the subsidies.

This is therefore the right moment to abolish them or at least start phasing them out. At the forthcoming Climate Conference in Lima, the IEA should therefore make a renewed plea for their abolition; and the international community should lend its full-hearted support for such action.

A decision to phase out oil/gas subsidies in Lima it would be the first time ever that a climate conference produces a tangible result by ending an unforgivable incentive to fossil energy.

Eberhard Rhein, Brussels, 20/10/2014

Author :
Print

Comments

  1. I am using an Android smartphone since a very long time now. I keep downloading new applications from Google Play Store, especially after checking its reviews and ranking marked by customers. Android phone is the smartest way to download almost any application I want. I generally download free apps first. garageband for windows pc

  2. Numerous nations around the globe sponsor fuel costs, Pre-charge appropriations are those that decrease the cost of vitality to shoppers to a level underneath the world cost, balanced for transportation costs. Government spending plans at times record such endowments expressly and in some cases shroud them, and furthermore, with our experiential approach and soul of advancement, we offer understudies with a best assignment writing service in UK that make their lives simpler. We have enlisted best experts who are gladly helping a huge number of understudies in executing their undertakings astoundingly.

  3. Students could often find it tough to write their academic tasks. It could lead to they not getting desired grades in the academics. Opting for our Assignment help could be ideal for such students and they can get a complete assignment solution from us.

Leave a Reply