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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: slacker711 who wrote (63030)	5/5/2008 7:57:18 AM
From: slacker711	Read Replies (1) \| Respond to of 541990

It looks like Germany doesnt like the returns that they are getting for their subsidies of solar. forbes.com Germany's CDU proposes reduction of subsidies for solar energy 05.05.08, 3:38 AM ET FRANKFURT (Thomson Financial) - Germany's ruling political party, the CDU, has proposed to amend the law on renewable energy by calling for a reduction of subsidies for solar energy. Frankfurter Allgemeine Zeitung said deputy chairman of the CDU's faction in the Bundestag, Katherina Reiche, had made such a proposal at a hearing before the Lower House of Parliament. In a separate report, Handelsblatt said leading German research institute Rheinisch-Westfaelischse Institut fuer Wirtschaftsforschung is proposing a slash in subsidies for solar energy by 30 percent. The newspaper cited an obtained report for the Federal Ministry of Economy. If the current subsidy regulation remains in place, state subsidies would amount to 120 billion euros by 2035, the paper said. christoph.steitz@thomsonreuters.com