06 May '11, 5pm

#greentech Green energy can wean off subsidies, gradually

#greentech Green energy can wean off subsidies, gradually

LONDON (Reuters) - Government support for renewable energy must end gradually and in tandem with cuts in fossil fuel subsidies, say investors and lobbyists who complain bitterly about unpredictable chopping of incentives. Most green energy sources still struggle to compete with fossil fuels except in favourable areas, for example for onshore wind in coastal areas of western Europe or in Texas. Supporters accept low-carbon incentives will come to an end in line with the falling costs of green technologies, but demand governments also halt support for coal, gas and oil. Investors want a gradual, transparent fall in green technology support, after a trend of unexpected cuts which have made renewable energy a high-risk business. Europe has the most generous support for solar, but a sharp cut in subsidies after 2008 in Spain, then world market leader, has left a legacy of uncer...

Full article: http://sg.news.yahoo.com/green-energy-wean-off-subsidies-...

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