08 July 2011 16:15 [Source: ICIS news]
But Klaus Engel, head of Frankfurt-based chemical producers association group VCI, said Germany's energy U-turn can only succeed if it does not hurt the competitiveness of the country’s chemicals and other industrial producers.
“Reliable electricity supplies at internationally competitive prices are absolutely indispensible for
Politicians need to ensure that all costs involved in the change in energy policies are being accounted for - including costs from the emissions trading, and the costs of building new power plants and upgrading the grid, he said.
Engel called on politicians and legislators to monitor and review
“If the laws do not work as desired, politicians need to take corrective action,” he said.
VCI represents the interests of about 1,650 chemical firms in
The Bundesrat's approval on Friday came after Chancellor Angela Merkel’s government took eight older nuclear power plants off-line for safety reviews and announced plans to exit all nuclear power generation in the wake of March's earthquake and tsunami disaster in
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