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Germany: Merkel Promises To Cut Renewable Energy Subsidies Post-election

2013-06-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

CleanTechnica: If Chancellor Angela Merkel comes to power after elections in September, Germany may become the latest European country to curb support for renewable energy infrastructure. Amidst the poor economic environment in Europe, a number of countries have pulled back support for the renewable energy sector by either reducing subsidies or introducing taxes on revenues from renewable energy projects. Angela Merkel has promised that she would reduce the $24 billion per year subsidies being provided to renewable...

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