04 June 2010 15:32 [Source: ICIS news]
TORONTO (ICIS news)--?xml:namespace>
The proposed cuts of up to 16% by Chancellor Angela Merkel’s coalition government would jeopardise photovoltaic production and research in
At the same time, the cuts would call into question
Many chemical producers - including DuPont, Evonik, Wacker, and Solutia, among others - are developing the photovoltaic and solar sector as an important growth market for their products.
The Bundesrat, which represents
However, it argued for a cut of not more than 10% and referred the measure to a legislative mediation committee between it and the lower house, the Bundestag, it said.
The government of
Photovoltaic producers had invested in
“Innovation needs financing, and financing needs a reliable framework,” he said. The government’s proposed cuts would jeopardise the solar industry and cost jobs, he said.
Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues
For more on DuPont, Wacker and other producers visit ICIS company intelligence
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