The European Union should ensure that future climate and energy policies do not undermine the competitiveness of its industry, already weakened by a price gap with the U.S., the bloc’s member states said.
Germany should scrap its clean- energy subsidies because the system has driven up electricity costs for consumers and hasn’t spurred innovation or reduced greenhouse gases, a group of government advisers said.
The German government will nominate Claudia Buch as vice president of the Bundesbank, succeeding Sabine Lautenschlaeger as the only woman on the central bank’s board, said two people familiar with the coalition’s decision.
Germany should end its clean-energy subsidy system early to reduce costs and contain rising power prices that threaten industries, according to a senior lawmaker in Chancellor Angela Merkel’s governing coalition.
German Chancellor Angela Merkel will turn to French President Francois Hollande for respite from her domestic turmoil as she travels to Paris on her first foreign trip this year after recovering from a ski injury.
German Chancellor Angela Merkel’s 8- week-old government suffered its first setback after Agriculture Minister Hans-Peter Friedrich quit over his handling of confidential information in a criminal probe.