Much of the «on paper» emissions reductions will be made up by increased emissions in bordering states,
as energy intensive industries relocate and electricity producers import energy from out of state.
We remain concerned that the budgets for both compensation for climate policy impacts
on energy intensive industries» (EIIs) power prices and Technology Strategy Board (TSB) funding are inadequate and further detail is needed.
Countries such as many in Western Europe that increase energy costs by trying to force wind and solar development will ultimately
lose energy intensive industries to other parts of the world that do not do so.
IFIEC, also member of the AEII (Alliance
of Energy Intensive Industries), has given constructive input to the EU commission to combat climate change and at the same time ensure competitiveness and encourage industrial growth in Europe.
In the 2014 Budget, the chancellor made great play of a compensation package
for energy intensive industries, which is intended to offset some of the increased costs steel producers face due to his government's energy and environmental policies.
Not to mention wrecking a whole raft of jobs in
energy intensive industries like mining, mineral processing and manufacturing in the bargain (see our post here).
Although there have been some efficiency improvements, total emissions continue to grow
as energy intensive industries, notably the oilsands, continue to expand.
The energy intensive industries need to see reductions in the UK's ever - escalating policy related costs which will hit investment and productivity if we do not take action now.
The # 250 million rescue cash for
energy intensive industry is the latest proof that the Chancellor understands the economic danger of Chris Huhne's climate change policies.
And in the meantime the increasing burdens of «green» electricity costs will drive
our energy intensive industries, including steel and chemicals, offshore.»
Ultimately, however, energy efficiency and technology improvements will have the most critical role to play in the developing world, such as China and India, where much of the world's
energy intensive industry is now located.
The one legitimate concern in all this is the possibility that
energy intensive industry would simply move from Europe to China in response to Kyoto.
These are leading to falling prices both for natural gas and crude which in turn is leading to very difficult competitive conditions for renewables, nuclear..., as well as significant reductions in cost and consequent growth in emissions for
energy intensive industries (Trevor Houser's recent study on oil and gas makes this point nicely).
He also said that he felt commercial and industrial customers in
energy intensive industries would be likely interested in the heat storage as much as the electricity storage properties of the molten silicon tech.
Aviation is
an energy intensive industry, accounting for roughly 3 % of global carbon emissions.
Energy intensive industries in Europe, such as steel or cement companies, still pocket huge amounts of public money while doing too little to reduce emissions, a report entitled «European Fat Cats» * published by Climate Action Network (CAN) Europe today shows.
Is there a great reconfiguration in the future for refining, chemicals and
energy intensive industries?
A steadily declining cap on emissions from large,
energy intensive industries to 10 percent or less of 1990 emissions by 2050.
These additional European costs influence production and investment decisions; with too high carbon costs,
energy intensive industry can not produce and invest in Europe.
The current EU ETS reform proposal needs a significant upgrade to ensure that
the energy intensive industry has a future in Europe.
-- Not later than 60 days after the date of enactment of this Act, the Secretary shall commence an assessment of commercially available, cost competitive energy efficiency technologies that are not widely implemented within the United States for
the energy intensive industries of --
These include bankruptcy of non-competitive non-hydro «renewable» power companies (as in Spain), soaring electricity prices (as in Western European countries such as Germany, Denmark, and Great Britain), electricity shortages (as in Great Britain and Germany when the wind does not blow and the sun is not shining), and the departure or decline of
energy intensive industries.
The rising cost of energy has led many to express their concerns that it will simply be impossible for
energy intensive industry to remain in the UK, and that consequently — and in contrast to the 250,000 temporary jobs Huhne imagines he will create — millions of jobs may be lost.
As I pointed out in the previous post, the UK's energy and climate policies have resulted in rising prices, millions of UK households living in «fuel poverty», and the possibility that
energy intensive industries will leave these shores at the expense of many thousands of jobs, yet the Dept. of Energy and Climate Change's priorities are with the mitigation of climate change.
It is paid by all consumers of electricity with the exception of
energy intensive industries (in order to avoid damage to international competitiveness) and operators of renewable and small conventional power plants that use electricity they generate themselves.
is predominantly located in
energy intensive industries.