Europe May Merge Renewable Energy Subsidies

The European Union is considering overhauling a system of varying country incentives to create a more uniform system for supporting renewable energy investments across region.

Leaders will meet in Brussels next month in an attempt to sort out a plan for reaching a goal of 20% renewable energy by 2020, while also dealing with debt crises in several countries. 

According to a Reuters story, green power subsidies, such as tariffs for solar in Germany and Spain and wind power in the Netherlands, may be consolidated in a new type of infrastructure bond. 

EU could save EUR 10 billion ($13.7 billion) a year by harmonizing the different subsidies.

Read the full story at the link below.

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