German Renewables Groups Propose Alternatives to Merkel’s Cuts
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Germany’s clean-energy lobbies said government plans to reduce support for the industry will stall any energy transformation and proposed three alternative measures to stabilize power prices.
The subsidy cuts announced yesterday, which aim to limit rising electricity costs for consumers, would greatly reduce investment in the industry, the country’s largest trade groups said in a joint statement led by the BEE renewable-energy federation. The alternative measures would prevent further price increases while allowing continued growth, they said.