Europe’s heavy industry unlikely to survive Net Zero

Posted: April 30, 2021 by oldbrew in Emissions, Energy, government, ideology, net zero
Tags: , ,

irsching

Irsching 4 gas power plant, Bavaria [image credit: E.ON]

Government interfering in commercial markets for ideological reasons may well work out badly, and this looks like an obvious example. Bowing down to climate dogma doesn’t do anybody any favours.
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It is becoming ever more evident that much of Europe’s heavy industry is unlikely to survive the EU’s unilateral Net Zero policy, says The GWPF & Financial Times.

The EU’s carbon price reached a new record high of 45 euros ($54) a tonne on Tuesday.

As the carbon price is expected to increase much further in the next few years, European industrial groups are desperately calling for the introduction of a carbon border tax, hoping that it will save them from international competitors that are able to produce much cheaper.

They warn that rising energy and carbon costs will force energy-intensive manufacturing to shut down and relocate to countries with less stringent CO2 targets if the EU does not introduce protectionist carbon protection.

It is rather doubtful, however, whether the EU can afford to introduce a carbon border tax, knowing full well that China, India and much of the rest of the emerging and developing world would simply retaliate in return, threatening to tax European products out of Asian and African markets altogether.

European and American politicians should be reminded that we have been warning for years about this inevitable outcome of unilateral climate policies.

Continued here.

Comments
  1. pameladragon says:

    And the headlong rush to economic suicide continues unabated! When will people open their eyes to what this is doing and put a stop to it?

  2. saighdear says:

    @pameladragon, …..How? it has been discussed sooften and the Ballot box is NOT the answer going by recent events. So long as every other comment in the media refers to some Climate agenda driven event, we will NEVER get over this. Funny how we’re told how warm it is in the Arctic – ice melting yet “cold air” from water / melted ice up there freezes land masses down here – in “MAY”….. ( but N Scotland had it in 1947 with a terrificly hot summer to follow so that late harvests were ever as good as could be expected)

  3. Mack says:

    ‘Europe’s heavy industry unlikely to survive net zero’. Who knew? Give it time and, hopefully, our masters will be back-pedalling furiously, no doubt grumbling about only following orders, sorry, advice from the scientists etc etc.

  4. Gamecock says:

    ‘Europe’s heavy industry unlikely to survive Net Zero’

    FT sugar coats it. Light industry will be gone, too.

  5. oldbrew says:

    To rub it in, Germany’s Constitutional Court has ‘supported the idea that severe restrictions on freedom are acceptable when related to efforts to prevent climate change.’

    https://thehill.com/policy/international/europe/550971-german-climate-law-puts-unfair-burden-on-young-court-rules
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    Acceptable to who?

  6. Coeur de Lion says:

    When will it be made obvious that CO2 does not drive the weather? May take ten years. Looking forward to April’s UAH reading. Noted that La Niña is predicted to re-emerge this fall and winter. But that’s weather’ not climate. Wrap up.

  7. oldbrew says:

    European industrial groups are desperately calling for the introduction of a carbon border tax

    Protectionism is usually counterproductive. Why not lobby against the so-called carbon tax, which is a worse-than-useless nonsense, instead of trying to get outsiders to pay it?

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