THE EU'S CARBON TRADING SCHEME-Killing Jobs to Save the Climate

Editor: In Canada, we are continually told that we need to follow the German and EU example. If we want to watch our companies flee to China and India and see our unemployment rise dramatically, while our standard of living plummets, then by all means lets jump on the EU bandwagon.

Al Gore – the high priest of the “Global warming scam” and the architects of the “Green Agenda” must be exposed, before they have destroyed the worlds greatest economies. Their aim is not so much about saving the environment as it is about control and power.

Read and understand
The Green Agenda

Killing Jobs to Save the Climate

By Karsten Stumm

The price of European emission
permits is rising so rapidly that German companies are threatening to
leave the country. Thousands of jobs could be lost. And the environment
may, in the end, be no better off.

Numerous German companies would relocate abroad if the EU fully implements its carbon trading scheme.

Zoom
DPA

Numerous German companies would relocate abroad if the EU fully implements its carbon trading scheme.

They sat silently through two lectures, but then they couldn’t
control their anger any longer. The civil servants from the Environment
Ministry, the Environment Agency and the German Emissions Trading
Authority made it sound easy for industry to take up carbon trading. It
was just too much for the managers to tolerate.

“If that’s the shape the trading will take, we will simply move our
cement operation to Ukraine,” a cement factory manager shouted into the
lecture hall. “Then there won’t be any trading here, nothing will be
produced here anymore — the lights will simply go out here.”

The businessmen’s anger surprised the emissions-allowance trading
experts. They had invited industry representatives to a relaxed forum
at the Environment Ministry’s office in Bonn. They wanted to present
international developments in the carbon trading market. However, the
mood in the German business world has soured — managers no longer have
the stomach for academic lectures. The reason is that emissions
allowances are already burdening some companies that require a lot of
energy for production purposes.

In the last 12 months alone, the price for the right to pump a ton
of carbon into the atmosphere has shot up from €23 ($36.5) to nearly
€30 ($47.6), according to the European Energy Exchange in Leipzig. This
hike of around 30 percent has a direct effect on the electricity
production of power companies.

According to calculations by Point Carbon — a Norwegian company
that specializes in analyzing global power, gas and carbon markets —
this price hike would drive up the marginal cost of energy from an old
brown coal power plant by the entire price of carbon. For modern
natural gas power plants, it would increase prices by a third. Energy
company RWE, which is based in the German city of Essen, reckons it
alone will have to pay €9 billion ($14.2 billion) for its own
electricity production, which it, of course, will pass on in higher
electricity prices. So carbon trading will have a direct impact on
which countries firms chose to locate in.

“If the cement industry is gradually pulled into the trading of
carbon emission allowances, companies will move production to countries
that don’t take part in the scheme,” Andreas Kern, President of the
German Cement Industry Federation, has warned.

Thousands of Jobs in Danger

Full story

Read and understand

The Green Agenda


Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: