Arab Today, arab today german industries call for review of energy transition policy
Last Updated : GMT 12:54:10
Arab Today, arab today
Arab Today, arab today

German industries call for review of energy transition policy

Arab Today, arab today

Arab Today, arab today German industries call for review of energy transition policy

Berlin - XINHUA

German industries called for a review of a subsidy policy for the nation\'s ongoing energy transition on Thursday, three days ahead of a federal parliament election. Federation of German Industry (BDI), an umbrella group for 38 industry associations representing 100,000 businesses in Germany, urged German new government to abolish the current feed-in tariff which allows developers to sell electricity produced by solar, wind and other renewable energy in a fixed above-market price on priority basis. The privilege of renewable energy plant owners is guaranteed by EEG renewable law. The cost, however, is covered by consumers, who have to pay a surcharge in their bills. BDI claimed that the subsidy policy was not helpful for the health of power market which should be dominated by supply and demand. \"We expect the next federal government to develop with all stakeholders a reliable road map for the urgently-needed reforms within the first 100 days,\" said BDI Director Markus Kerber in an interview with Handelsblatt newspaper. Germany has set an energy transition target that by 2050, 80 percent of electricity will be developed by renewable energy. With the surcharge for renewable energy, however, German consumers\' electricity bills are among the highest in Europe. Also on Thursday, German HDE retailer association warned that rising energy prices had threatened retail sectors, as consumers held less disposable money in hand. \"The next government needs a fresh start in the energy revolution. There should not be a long-term continuation of the fixed feed-in tariff. We need a market economy in the field of renewable energy,\" said HDE Chief Executive Stefan Genth in a statement, adding that the adjustment of renewable energy policy was necessary for retail sector to remain as an anchor of stability for German economy. Against the backdrop of a recession-trapped eurozone and a weak global growth, consumer spending is the main driving power of the Europe\'s largest economy. Private consumption is expected to grow by 1 percent in 2013 and help German economy to regain strength in 2014. German Chancellor Angela Merkel has faced various pressures for the policy of energy transition and has vowed a reform if she is re-elected. On Sunday, German voters will elect a new Bundestag, lower house of German parliament. The conservative union of Merkel\'s CDU and its Bavarian sister party CSU led in a poll on Thursday with a support rate of 38 percent, 10 percentage points higher than its main rival Social Democrats.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german industries call for review of energy transition policy Arab Today, arab today german industries call for review of energy transition policy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german industries call for review of energy transition policy Arab Today, arab today german industries call for review of energy transition policy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday