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subsidy
(redirected from Fuel subsidies)

   Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
subsidy noun allotment, allowance, backing, bounty, contribution, gift, grant, grant-in-aid, stipend, subsistence, subvention
Associated concepts: government subsidy
See also: aid, alimony, annuity, assistance, benefit, commission, consideration, contribution, donation, endowment, fee, grant, help, loan, maintenance, payment, pension, perquisite, recompense

SUBSIDY, Eng. law. An aid, tax or tribute granted by parliament to the king for the urgent occasions of the kingdom, to be levied on every subject of ability, according to the value of his lands or goods. Jacob's Law. Dict. h.t.
     2. The assistance given in money by one nation to another to enable it the better to carry on a war, when such nation does not join directly in the war, is called a subsidy. Vattel, liv. 3, Sec. 82. See Neutrality.



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The statement said the decision was made during a cabinet meeting on Friday when a report was submitted on the cost of fuel subsidies.
There should be 20 CCS prototypes developed at the same time - the possible $1bn (£500m) cost for each facility was tiny compared with the $300bn worth of fossil fuel subsidies or the trillions of pounds' worth of economic activity that the Stern Review had indicated would be endangered every year by inaction on climate change.
Given the difficulty of making immediate major cuts to fuel subsidies, the GCC states are rapidly exploring ways to make greater use of alternative energy to meet the growing domestic demand - EmBio therefore, presents a truly viable solution.
 
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