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German cabinet passes plans for green energy rebate for industry

2014-05-07 10:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: German Chancellor Angela Merkel's cabinet on Wednesday signed off on a draft law that grants energy-intensive firms a partial rebate on a renewable energy surcharge after months of wrangling with Brussels. The plans mean the controversial benefits, which Germany's export-oriented industry has argued it needs to remain competitive especially with U.S. rivals, could remain around the 5.1 billion euros a year level which is granted now. The draft law should be passed by the Bundestag lower house...

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