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subsidy |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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.
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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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