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Mr. Schröder has proposed phasing out subsidies for current members while phasing in subsidies for new ones.
The E.U. also began phasing out subsidies for olive-oil producers and bottlers, in an effort to reduce crime, and after a few years it disbanded the task force.
To that end, Mr. Putin and his top aides have talked about overhauling the tax code, protecting the rights of shareholders, phasing out subsidies to money-losing enterprises and tackling politically dicey issues such as establishing the right to own land.
Phasing out subsidies is seen as a key element turning the debt ridden economy around.
The industry is being deregulated, and the government is committed to dismantling the decades-old pricing formula and phasing out subsidies as early as this year.
According to Birol, phasing out subsidies could, in the course of discouraging waste and encouraging development of clean fuels, reduce emissions by about half the amount necessary to prevent warming beyond 2°C over preindustrial levels.
Similar(42)
For example, it could compensate entrenched interests for their losses over the next decade or two, while it phases out subsidies and other trade distortions.
had decided earlier to phase out subsidies for gasoline and even implemented two successive price increases.
Fuel prices were raised drastically on Sunday, as Tehran tries to phase out subsidies.
The government has promised to phase out subsidies and begin a coupon system that would distribute subsidies to the neediest.
In 1996, Congress passed the Freedom to Farm Act, which aimed to phase out subsidies for most agricultural products.
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