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Fuel subsidies cost governments in emerging markets more than $500 billion every year: IEA
By : Sustainability ..., May 21, 2014
LONDON: Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).
The biggest subsidies are...Read more..
India and Venezuela to intensify energy cooperation
By : Sustainability ..., Sep 24, 2013
India to import more crude oil from Venezuela and also exploring possibilities for paying it in rupees, which will save valuable foreign exchange and contain current account deficit (CAD), government officials said.