Tuesday, August 9, 2011

Bavarian Business Survey Shows Electricity Pricing Concerns

DIHK Survey: High Energy Costs Obstacle for German Competitiveness « German Energy Blog

According to a study published in July by the economic research and consulting company Prognos AG on behalf of the Bavarian business association vbw, electricity prices will rise by 53% für non-energy intensive industries and by 41% for energy-intensive industries between 2010 and 2025.
From the linked article, via Google translation:

Associated with getting higher CO2 emissions have a negative effect on the climate of Germany and Bavaria. In Bavaria, caused by the generation of CO2 emissions increase from 2010 to 2023 to about eight million tonnes to 15 million tons.

The German reduction target of minus 40 percent between 1990 and 2020 can probably be achieved just yet. Because of the specifications by the European Emission Trading Scheme (ETS), the additional emissions in the German electricity but must be offset by a reduction in other ETS States. That has a price increase of CO2 allowances to follow.

The new strategy costs more and it emits more.

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