“Gabriel dismisses end of renewables support”

Germany’s social democrat economy minister Sigmar Gabriel has rejected ideas of coalition partner CDU to phase out the support of renewables, Dow Jones Newswires and Spiegel Online report. The CDU “should think this over. I don’t think it’s going to work,” Gabriel said according to Dow Jones Newswires. It would not make any sense to reverse the recently reformed Renewable Energy Act (EEG), Gabriel said, adding that finding additional ways of financing the energy transition would become vital in the coming years. According to Spiegel Online, Gabriel said that Germany’s power demand would rise significantly due to, among other things, the expected expansion of e-cars, which had to be covered by renewable energy sources.

Read the article by Spiegel Online in German here.