Michael Kauch News
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Germany’s parliament approved record cuts in aid for solar power, aiming to reduce the annual pace of installations by half in the world’s biggest market for the industry.
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German Chancellor Angela Merkel’s coalition agreed to delay cuts in aid for some ground-based solar-power plants by six months until Sept. 30, lawmakers said.
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Germany, the world’s biggest solar- power market, will delay a plan to cut aid for the industry by three weeks and give developers of large-scale plants more time to complete projects, a lawmaker said.
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Chinese U.S.-traded stocks climbed, led by Tudou Holdings Ltd., as speculation slowing inflation will spur policy makers to take further steps to bolster growth lured investors to the lowest share prices in a month.
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A German plan backed by Economy Minister Philipp Roesler to reduce solar power installations in the world’s biggest market to 1 gigawatt a year would “starve” the renewable industry, an opposition lawmaker said.
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Chancellor Angela Merkel ’s shift away from nuclear power is set to make Germany more reliant on Russian gas and Merkel more dependent on her predecessor, Gerhard Schroeder .
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Chancellor Angela Merkel ’s party said that most of Germany’s oldest atomic reactors will probably close following safety checks, signaling a shift in energy policy after the anti-nuclear Greens surged in state elections.
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German Chancellor Angela Merkel ’s Free Democratic Party coalition partner wants to boost subsidies for improving the heating efficiency of buildings after the aid was cut last year, the Sueddeutsche Zeitung reported.
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