Saturday, Nov 29th

LATEST:
You are here: Business Business German industry says energy reform plans threaten jobs

German industry says energy reform plans threaten jobs

BERLIN--German industry has warned that the government's new energy plans jeopardise jobs in Europe's biggest economy, in particular a proposal to make firms that generate their own electricity pay charges to support renewable sources.

Social Democrat (SPD) Economy Minister and Vice-Chancellor Sigmar Gabriel has outlined a much-needed reform to a system of costly subsidies which has helped to fund a boom in green energy in Germany. He is now working on details.

The reform, a delicate balancing act between maintaining growth in the renewables sector and keeping heavy industry on board with affordable power, envisages cuts of up to a third in green subsidies by 2015 but also reduces support for industry.

The Federation of German Industry (BDI) said Gabriel's plans put 900,000 jobs in Germany at risk, according to Welt am Sonntag. In a letter to 900 companies, BDI chief Ulrich Grillo said the existing help given to energy-intensive firms was a condition for companies to stay in Germany.

"In this way (with an additional burden for companies), there will be a risk of companies moving away and that can lead to big job losses," Grillo wrote, according to the paper.

Industry accounts for around a quarter of Germany's export-oriented economy. Last week, ArcelorMittal, the world's biggest steelmaker, warned the energy reforms would prompt companies to scale back investments.

Some members of Chancellor Angela Merkel's conservative bloc in parliament have also demanded changes in Gabriel's plans. "We will certainly not pass Gabriel's blueprint on a reform of the renewable energy law in its current form," senior conservative Peter Ramsauer told Die Welt newspaper.

He said it was "pure madness" to trim benefits for companies that generate their own electricity and added that big employers such as rail operator Deutsche Bahn could be hit.

Until now, producers of power for their own industrial use have been exempted from a surcharge added to power bills which is funnelled to green energy producers and guarantees them a 'feed-in-tariff' above market prices.

European Energy Commissioner Guenther Oettinger urged the German finance minister to reduce energy tax to help German companies stay competitive. Taxes and charges added to consumers' bills for the renewable subsidies make up about half of companies' energy costs, he said.

Image
204 vehicles checked, 12 arrests in control
Friday, 28 November 2014
MARIGOT--Dutch-side police said Friday a total of 204 vehicles were checked, 24 fines issued, 12... Read more...
Drop in delinquency eclipsed by increase in armed robberies
Friday, 28 November 2014
~ St. Martin to have forensics laboratory ~ MARIGOT--The Gendarmerie recorded 125 robberies with... Read more...
Image
Caribbean academic recommends fixed terms for Caricom leaders
Friday, 28 November 2014
ROSEAU, Dominica--A leading Caribbean academic is calling for fixed term limits for heads of... Read more...
Image
Doctors without Borders reports sharp rise in Haiti cholera cases
Thursday, 27 November 2014
PORT-AU-PRINCE, Haiti--International medical group Doctors without Borders is reporting an increase... Read more...
Image
St. Louis-area mall shut down on Black Friday
Friday, 28 November 2014
FERGUSON, Missouri--Demonstrators shut down a shopping mall near Ferguson, Missouri, at the start... Read more...
UN torture watchdog urges US crackdown on police brutality
Friday, 28 November 2014
GENEVA--The U.N. Committee against Torture urged the United States on Friday to fully investigate... Read more...
Image
Bhopal's toxic legacy lives on, 30 years after industrial disaster
Friday, 28 November 2014
BHOPAL/NEW DELHI--Beyond the iron gates of the derelict pesticide plant where one of the world's... Read more...
Kim Yo Jong moves closer to North Korean centre of power
Friday, 28 November 2014
SEOUL--In her slim-fitting trouser suits and black-heeled shoes, Kim Yo Jong cuts a contrasting... Read more...
Image
US Black Friday shopping marked by protests
Friday, 28 November 2014
WEST HARTFORD, Connecticut--Mall crowds were relatively thin on Black Friday in a sign of what has... Read more...
Image
Japan may expand air bag recalls, worried about impact on industry
Friday, 28 November 2014
TOKYO--Honda Motor and Mazda Motor may have to recall another 200,000 cars in Japan to replace... Read more...
Image
Etty Ket
Friday, 28 November 2014
Dear Queenie, I was in a store recently and when I wanted to get some information about a certain... Read more...
Depressed
Thursday, 27 November 2014
Dear Queenie, My husband is a great father to our children but he totally neglects me. Even when I... Read more...
Image
11th Course de L’Alliance
Friday, 28 November 2014
The Oceanis 45 Out of Africa skippered by owner Hans van Mameren takes the lead at the start of... Read more...
Image
NBA
Friday, 28 November 2014
Boston Celtics guard Rajon Rondo (9) drives on Chicago Bulls guard Derrick Rose (1) during the... Read more...
Image
Titan of Latin American comedy, Mexico's beloved `Chespirito' dies
Friday, 28 November 2014
MEXICO CITY--Mexican actor and screenwriter Roberto Gomez Bolanos, one of Latin America's most... Read more...
Image
Christmas tree arrives at Obama White House
Friday, 28 November 2014
WASHINGTON--U.S. first lady Michelle Obama received the annual Christmas tree delivery at the White... Read more...
Image
Marine industry in her blood
Friday, 28 November 2014
Valeska Luckert: 'I do not see myself not involved in this industry.' As a young child, Valeska... Read more...
Tadzio Bervoets: ‘The sea is the reason we are here – keep it clean’
Friday, 28 November 2014
As manager of St. Maarten Nature Foundation since 2010 and someone who loves nature, Tadzio... Read more...
Editorial - Not unthinkable
Saturday, 29 November 2014
That outgoing Minister of Public Housing, Environment, Spatial Planning and Infrastructure VROMI... Read more...
Editorial - Despite the turmoil
Thursday, 27 November 2014
People worried about the delay in installing a new cabinet and its consequences for the budgetary... Read more...
Image
Friday Nov. 28, 2014
Thursday, 27 November 2014
Image
Wednesday Nov. 26, 2014
Thursday, 27 November 2014
Notices November 29
Friday, 28 November 2014
Saturday, November 29 FREE HIV TEST Organised by St. Maarten AIDS Foundation for World AIDS Day... Read more...
Notices November 27
Thursday, 27 November 2014
Saturday, November 29 FREE HIV TEST Organised by St. Maarten AIDS Foundation for World AIDS Day... Read more...