Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Germany Won’t Create New Subsidies for Renewables, Focus Reports

Don't Miss Out —
Follow us on:

June 30 (Bloomberg) -- Germany won’t create new subsidies for renewables or customers to finance a faster exit from nuclear energy announced last year, Focus reported, citing an interview with Environment Minister Peter Altmaier.

“I will not create new subsidies as we need to get our energy policy working on the principles of a market economy,” Altmaier told Focus. It is clear the decision to exit nuclear energy will increase electricity prices in Germany, Focus cited Altmaier as saying.

To contact the reporter on this story: Annette Weisbach in Frankfurt at aweisbach1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.