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.