Netherlands: Government Suggests Phasing Out Subsidies for Renewable Energy

Dutch to stop subsidising renewables in long-term climate strategy (London South East)

(Courtesy CIA.gov)

The Netherlands will gradually phase out subsidizes for renewable energy and shift its climate change strategy to areas such as energy saving and carbon capture, the government said on Wednesday.

A week ago, the Netherlands announced a 33 percent increase in subsidies for solar, wind, geothermal and other projects to 12 billion euros ($12.9 billion) in 2017, from 9 billion euros in 2016, as it struggles to reach 2020 targets.

But the "Energy Agenda" published by the Economic Affairs ministry on Wednesday - setting out how greenhouse gas emissions can be cut to 80-95 percent of 1990 levels by 2050 - said subsidies would be phased out as renewables become more viable.

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