Thursday, May 31, 2012

German Parliament Renews Solar Subsidy Discussion

The German Parliament's upper house has voted to send back to committee a bill backed by Chancellor Angela Merkel that would see subsidies for solar power sharply reduced.

The up

The upper house, which represents Germany's states and where Merkel's government lacks a majority, made the decision Friday amid concerns the cutbacks could affect German jobs and give foreign manufacturers an advantage.

Merkel's Cabinet earlier this year proposed cutting subsidies supporting solar power by up to 30 percent within a year because higher-than-expected demand had made the scheme more costly than expected. Parliament's lower house backed the plan.

Germany's main industry lobby group, BDI, criticized the upper house's decision, saying the government needed to move away from subsidies and focus on strengthening innovation.

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