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Farmers have decided to hand over keys of their tractors to the local authorities at Samrala in a symbolic protest over the rising diesel prices on Tuesday.

Energy prices are a significant part of our domestic expenditures, play an important role for industrial competitiveness and influence energy consumption patterns. End-use prices -paid by final consumers- are affected by movements in commodity markets as well as policy decisions.

Although the global economy is projected to remain strong in 2018, a new report by Economist Intelligence Unit (EIU) estimates high levels of risks that either come from smaller regional hotspots, or are global in nature.

The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate.

The implementation of fuel surcharges has been strongly advocated by the Union Government as a measure to alleviate the financial predicament of DISCOMs. In this context, the report studies the various processes, methodologies, and practices across states to determine, levy, and recover fuel surcharges.

In November 2015, the leaders of Asia-Pacific Economic Co-operation (APEC) economies, reaffirmed their landmark 2009 commitment to “rationalize and phase out over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption while recognizing the importance of providing those in need with essential energy services”.

Investing in more gas will lock in high electricity prices and pollution for decades to come. The new report, ‘Pollution and Price: The cost of investing in gas,’ shows that tackling climate change and protecting Australians from worsening extreme weather requires electricity system to produce zero emissions before 2050.

India ranked 87th among the surveyed 127 countries on a Global Energy Architecture Performance Index (EAPI) released as part of report of Geneva- based World Economic Forum (WEF). EAPI is a composite index developed by WEF in collaboration with Accenture Strategy.

Limiting the rise in global mean temperature to well below 2°C would require an energy transition of exceptional scope, depth and speed, according to an analysis by the International Energy Agency, including a doubling of annual average energy-related investments from current levels.

The paper discusses challenges in analyzing the costs of household cooking methods (fuels and associated stove technologies) in lower-income countries, and sources of divergence between observed and true social costs.

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