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German Industry Calls for Power-Subsidy Waivers Amid Planned Cut

Germany risks losing jobs and investment if Chancellor Angela Merkel’s third-term government scraps exemptions for companies from the rising cost of clean-energy subsidies, industry groups said.

Merkel’s Christian Democrat bloc and the Social Democrats over the weekend agreed to “review” some exemptions for large energy users from a renewable subsidy fee that has quintupled since 2009. The aid is valued at about 4 billion euros ($5.3 billion) this year, according to Environment Ministry data.