Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Killing Jobs to Save the Climate [Euro Carbon Credits]
Spiegel ^ | 7/17/08 | By Kirsten Stumm

Posted on 07/18/2008 8:16:13 PM PDT by DeaconBenjamin

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

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.

* * *

"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.

(Excerpt) Read more at spiegel.de ...


TOPICS: Extended News; Foreign Affairs; Germany; Government
KEYWORDS: agw; capandtrade; carboncredits; carbontrading; climatechange; environment; europe; globalism; globalwarming
Navigation: use the links below to view more comments.
first previous 1-2021-24 last
To: PLMerite
>>>Those schemes always make sense to people who aren’t actually subject to them.<<<

Small revision....for accuracy..

"Those schemes always make sense to people who aren’t actually subject to them don't actually work for a living"."

21 posted on 07/19/2008 12:05:46 AM PDT by HardStarboard (Take No Prisoners - We're Out O)
[ Post Reply | Private Reply | To 2 | View Replies]

To: DeaconBenjamin
These German businessmen are simply doing the ground work so that American businesses won't have to later.....someone ought to thank them.

If Al Gore and his carbon-credit scheme succeed, even marginally, Capitalism is doomed.

Fight them, fight Obama, fight socialism, Fight For Freedom!

22 posted on 07/19/2008 12:11:02 AM PDT by HardStarboard (Take No Prisoners - We're Out O)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DeaconBenjamin; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; ...
DOOMAGE!

Global Warming PING!

You have been pinged because of your interest in environmentalism, alarmist wackos, mainstream media doomsday hype, and other issues pertaining to global warming.

Freep-mail me to get on or off: Add me / Remove me

Please ping me to all note-worthy threads on global warming.

Evidence doesn't bare out alarmist claims of global warming

Global trends and ENSO

CO2 is not the only greenhouse gas, and greenhouse effects are not the only CO2 problem

All-paper salutes to the environment

Weekend round-up

Aerosols, Chemistry and Climate

Global Warming on Google

Global warming on Free Republic

Latest from Global Warming News Site

Latest from Greenie Watch

23 posted on 07/19/2008 8:44:22 PM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PLMerite
Those schemes always make sense to people who aren’t actually subject to them.

IOW: "Well, it looked good on paper!"

24 posted on 07/20/2008 7:19:30 AM PDT by dirtbiker (Nothing says "Love" like babysitting a Bassett Hound with an earache....)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-24 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson