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 ...
Small revision....for accuracy..
"Those schemes always make sense to people who arent actually subject to them don't actually work for a living"."
If Al Gore and his carbon-credit scheme succeed, even marginally, Capitalism is doomed.
Fight them, fight Obama, fight socialism, Fight For Freedom!
Evidence doesn't bare out alarmist claims of global warming
CO2 is not the only greenhouse gas, and greenhouse effects are not the only CO2 problem
All-paper salutes to the environment
Aerosols, Chemistry and Climate
Global warming on Free Republic
IOW: "Well, it looked good on paper!"
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