Tag Archives: Green energy

Germany presses EC for green energy discounts

Green Energy discounts EUBrussels has been under pressure from Germany to loosen restrictions on subsidizing clean energy to clear the way to the German Government the adoption of the crucial law on renewable energy sources. The European Commission (EC) will probably change the rules on State aid, which would allow one party to the rapid removal of subsidies for renewable energy, but at the same time continuing the rebates for green energy on a large scale indicates publication.
Amendments to the rules will allow the German government to adopt new law on renewable energy without impacting the requirements of the European Union (EU). The reform of the German Energy became necessary after the previous government of Angela Merkel has decided to abandon nuclear energy after the Fukushima accident. The biggest challenge for the Chancellor, however, to shift towards renewable sources, and who will pay for the turn in energy policy. The proposals to change the state aid rules that allow the phase out of subsidies for green energy, have brought criticism from environmental groups. According to them, these rules will greatly hinder competition with big energy companies who still cling to fossil fuels and nuclear energy. The EU Competition Commissioner Joaquin Almunia insists, however, a more market-oriented system to support renewable energy sources to prevent waste of taxpayers’ money.