{"id":27671,"date":"2017-12-15T11:46:38","date_gmt":"2017-12-15T11:46:38","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2017\/12\/15\/the-world-bank-will-not-fund-energy-subsidies-anymore\/"},"modified":"2020-08-11T11:30:33","modified_gmt":"2020-08-11T09:30:33","slug":"the-world-bank-will-not-fund-energy-subsidies-anymore","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2017\/12\/15\/the-world-bank-will-not-fund-energy-subsidies-anymore\/","title":{"rendered":"The World Bank will not fund energy subsidies anymore"},"content":"\n\u00a0\nThis is a direct consequence of the planet summit on climatic change initiated by the French president Emmanuel Macron last week. The world bank will finance energetic plan only for developing countries with no access to energy at all.\nThe measure aims to pushes countries to initiate a policy change toward energy. On the other way, solar energy, for example, will receive more funding from the international institution to reduce the worldwide climate warming by 2%.\nDisparities remain in the Mediterranean area between the countries economic situations. Lebanon has initiated for a long time a technological advancement on energy production but Egypt, for example, is just moving out of an economic crisis and aims to develop a part of its economy on gas production (especially with the Zhor gas site discovered in 2015).\nAlgeria\u00a0is largely dependent on oil revenue and at that point, no changes into sources of energy have been interlocked yet.\nMorocco\u00a0is certainly setting\u00a0the best example for the rest of the Mediterranean, latching out the Cop 22 in Marrakech in November\u00a02016.\nIsraeli\u00a0technologies could help the country to face the energetic challenge but a gas discovery put an end to those fundings by the government. Expert underlines a big mistake for the country situated in an arid geographical zone.\nTunisia\u00a0is not really known to be an energy producer. The financial crisis braked the climate change policy but today the country is largely funded by the European Union or the IMF to initiate a sustainable economy. Green energies are a condition to the international subsidies in Tunisia.\u00a0\n\u00a0\nFind out the crude oil and the natural gas production per country\u00a0:\nAlgeria\u00a0:\ncrude oil production: 1.348 million bbl\/day ranked 19th producing country worldwide\nNatural gas production: 83.04 billion cu m ranked 11th producing country worldwide\nEgypt\u00a0:\ncrude oil production: 494,300 bbl\/day, ranked 29th producing country worldwide\nNatural gas production: 77.93 billion cu m ranked 16th producing country worldwide\nLebanon\u00a0: \ncrude oil production: None ranked 158th producing country worldwide\nNatural gas production: None ranked 157th producing country worldwide\nMorocco\u00a0:\ncrude oil production: 160 bbl\/day ranked 99th producing country worldwide\nNatural gas production: 1.48 billion cu m\u00a0ranked 91st producing country worldwide\nTunisia\u00a0: \ncrude oil production: 48,670 bbl\/day ranked 57th producing country worldwide\nNatural gas production: 1.575 billion cu m ranked 61st producing country worldwide\nIsrael\u00a0: \ncrude oil production: 390 bbl\/day ranked 95th producing country worldwide\nNatural gas production:\u00a08.5 billion cu m ranked 45th producing country worldwide\n\u00a0\nSource\u00a0: the CIA World FactBook website\n\u00a0\nDiscover out our latest videos about the economic news in the Mediterranean countries :\u00a0\n\u00a0\n\n\u00a0\n","author":75,"featured_media":3380,"comment_status":"open","ping_status":"open","template":"","tags":[5761,5766,5751,2961,5750,5762],"location":[5547,5600,1021,5628,5525,5587],"class_list":["post-27671","news","type-news","status-publish","has-post-thumbnail","hentry","tag-decision-makers","tag-economic-analysis","tag-economy","tag-institutions","tag-news","tag-trending","location-algeria","location-egypt","location-israel","location-lebanon","location-morocco","location-tunisia"],"short_url":"","have_related_news":null,"chapo":"After the Paris summit on climate change, the international institution officially announced that energy funding will not be financed. What are the consequences for the producing country in the Mediterranean as Egypt, Algeria, Morocco, Lebanon, Tunisia and Israel?","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/renewable_energy_on_the_grid.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/renewable_energy_on_the_grid.jpg 550w","sizes":"550px","alt":"The World Bank will not fund energy subsidies anymore 1","width":550,"height":360,"ratio":0.7,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/renewable_energy_on_the_grid-853x598.jpg","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/renewable_energy_on_the_grid-853x598.jpg 1170w","sizes":"1170px","alt":"The World Bank will not fund energy subsidies anymore 1","width":1170,"height":658,"ratio":0.7,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The World Bank will not fund energy subsidies anymore - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"\u00a0 This is a direct consequence of the planet summit on climatic change initiated by the French president Emmanuel Macron last week. 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