Saturday, April 21, 2012

Why Germany’s solar subsidies were bound to fail

News/TalkWhy Germany’s solar subsidies were bound to fail760 WJR:
Germany once prided itself on being the “photovoltaic world champion”, doling out generous subsidies – totaling more than $130 billion, according to research from Germany’s Ruhr University – to citizens to invest in solar energy.
But now the German government is vowing to cut the subsidies sooner than planned, and to phase out support over the next five years.
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