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EU's Oettinger warns against Germany cutting renewable subsidies

2013-08-26 18:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany should not introduce cuts to already guaranteed renewable subsidies, European Energy Commissioner Guenther Oettinger said, adding such a move would seriously hurt investor confidence. Political parties and energy groups are all in favor of reforming Germany's renewables law, a step likely to be taken after next month's general elections, but concrete proposals have been scarce. Investors have repeatedly warned that cuts in already agreed renewable subsidies, which are guaranteed over...

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