COPENHAGEN – One of the world’s biggest green-energy public-policy experiments is coming to a bitter end in Germany, with important lessons for policymakers elsewhere.

Germany once prided itself on being the 'photovoltaic world champion', doling out generous subsidies – totaling more than $130bn, according to research from Germany’s Ruhr University – to citizens to invest in solar energy.

But now the German government is vowing to cut the subsidie...

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