Experts back Clement on renewables support

A study commissioned by German economics minister Wolfgang Clement has provided support for his claim that continued financial support for renewable energy might not be cost-effective once industrial carbon dioxide (CO2) emission trading is launched in 2005. According to a report in the Frankfurt Allgemeine newspaper, continuing financial support for renewables after 2006 would save only 6m tonnes of CO2, much less than the savings industry is due to deliver through emission trading. But by 2010 the cost of renewably generated power would be double current wholesale prices. See German economics ministry.

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