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EU regulators launch in-depth probe into German green law

2013-12-18 11:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Commission said on Wednesday it would open a full investigation into Germany's management of green subsidies, a decision that could lead to higher costs for industry and unsettle investors in renewable energy. Around 2,000 German heavy energy users, including chemical and steel firms such as BASF and ThyssenKrupp, have been exempt from a surcharge ordinary consumers have to pay. The Commission is examining whether the exemptions of around 5 billion euros ($6.9 billion) per year...

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