About the Post

Author Information

Germany Forced to Cancel Climate Programs due to massive budget shortfall

Spiegel Online — March 18, 2013

As prices for carbon emissions continue to languish, Berlin is planning to cancel some key subsidy programs aimed at increasing reliance on renewable energies. Germany and other European countries seem uninterested in fixing the problem.

That the German government is facing a massive budget shortfall for projects aimed at transforming the country into a model of alternative energy and environmental friendliness is hardly new. The European cap-and-trade system has for months been sliding into inconsequence as prices for CO2 emissions have stubbornly remained below €5 ($6.47) per ton. The revenues Berlin earns on the mandatory emissions certificates have suffered as a result.

In response, SPIEGEL has learned, the Environment Ministry is set to cancel several flagship subsidy programs this month — programs that were to be key elements of Germany’s transition away from fossil fuels and towards complete reliance on renewables.  Continue reading, here….

Tags: , , , , ,

2 Comments on “Germany Forced to Cancel Climate Programs due to massive budget shortfall”

  1. gds44 March 18, 2013 at 2:24 pm #

    Reblogged this on Gds44's Blog.

  2. Tony Clark April 4, 2013 at 11:11 am #

    Please change to my new E-address tcclark@xplornet.ca

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: