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EU ministers to debate post 2020 green subsidy reform

Sun, 12/02/2012 - 1:25am
Reuters

BRUSSELS (Reuters) - EU energy ministers are poised to seek "non-binding" guidance from the European Commission on reform of green fuel subsidies as part of a debate on new post-2020 policy goals, according to a draft document.

The cost of renewable energy is divisive, as politicians in Germany, for instance, blame it for high prices that can undermine EU competitiveness compared with the United States, which has benefited from cheap and abundant shale gas.

Other nations, such as Denmark, which tax fossil fuel energy at high rates, have preferred to emphasize energy efficiency to reduce consumption and cut carbon emissions.

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