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.
See full Article: http://www.spiegel.de/international/germany/germany-cancels-trio-of-climate-programs-amid-funding-shortfall-a-889483.html
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