Monday, Mar 02nd

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

Best_of_2015_587x57_Results

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
22 NGOs got funding from SMDF in 2014
Monday, 02 March 2015
~ Much emphasis on children ~ PHILIPSBURG--St. Maarten Development Fund (SMDF) provided grants to... Read more...
Doctor couple robbed at home
Monday, 02 March 2015
PHILIPSBURG--A popular family doctor couple were victims of an armed robber who entered their house... Read more...
Image
Cuban tobacco workers dubious about opening of US market
Sunday, 01 March 2015
SAN JUAN Y MARTÍNEZ, Cuba--“We have to wait and see,” “There isn’t a lot of talk about... Read more...
Image
Thousands march in Haiti over Dominican racism
Friday, 27 February 2015
PORT AU PRINCE, Haiti--Two weeks after a Haitian man was lynched in the Dominican Republic,... Read more...
Image
Rand Paul wins Republican straw poll
Sunday, 01 March 2015
NATIONAL HARBOR, Maryland--Senator Rand Paul won a straw poll of conservative activists on... Read more...
Image
Netanyahu arrives in US, signs of easing of tensions
Sunday, 01 March 2015
WASHINGTON--The United States and Israel showed signs of seeking to defuse tensions on Sunday ahead... Read more...
Image
Russians march in memory of murdered Putin critic
Sunday, 01 March 2015
MOSCOW--Tens of thousands of Russians marched through central Moscow on Sunday, carrying banners... Read more...
Image
Tabare Vazquez replaces folksy Mujica as Uruguay president
Sunday, 01 March 2015
MONTEVIDEO, Uruguay--One leftist leader replaced another in Uruguay on Sunday, a change seemingly... Read more...
Image
Samsung unveils sleek new Galaxy S6 phones
Sunday, 01 March 2015
SEOUL/BARCELONA--Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a... Read more...
Image
Venezuela swaps oil to import Nicaraguan coffee beans
Sunday, 01 March 2015
NEW YORK/MANAGUA--Venezuela, once a proud exporter of premium coffee, has been reduced to swapping... Read more...
Image
Marigot cemetery
Sunday, 01 March 2015
Dear Editor, It is one thing to cry out they have taken away our culture from us, but it is quite... Read more...
Image
Trying to accentuate the positive
Sunday, 01 March 2015
Dear Queenie, My girlfriend and I have been friends since high school and she’s been my... Read more...
Image
Interscholastic Soccer Tournament continues rolling at Cruyff Court
Sunday, 01 March 2015
BELVEDERE--Ajani Blake and Marshall Leone both scored four goals each as they led Learning... Read more...
Image
Mighty Terry inspires Chelsea to Cup glory
Sunday, 01 March 2015
ENGLAND --John Terry embellished his status to Chelsea fans as "captain, leader, legend" by scoring... Read more...
Image
Ex-New York Knick Mason passes away
Sunday, 01 March 2015
NEW YORK--Anthony Mason, a former player with the National Basketball Association's New York... Read more...
Image
William Shatner cannot attend friend Leonard Nimoy's funeral
Sunday, 01 March 2015
LOS ANGELES--William Shatner cannot attend the funeral of his friend and "Star Trek" co-star... Read more...
Image
Plans for a Community Garden taking shape in Indigo Bay
Friday, 27 February 2015
By Lisa Davis-Burnett When land is at a premium, economic considerations tend to dominate.... Read more...
Image
Tonight’s the Night!
Friday, 27 February 2015
~ Karibbean Jazz Summit at Port de Plaisance ~   Come out to the tent at Port de Plaisanceat... Read more...
Editorial - Not unjustified
Sunday, 01 March 2015
It turns out that St. Maarten suddenly repeated its wish (see Saturday’s paper) to take over the... Read more...
Editorial - No reason not to
Friday, 27 February 2015
The suggestion of China’s Consul General to the Dutch Caribbean Chen Qiman for St. Maarten to... Read more...
Image
Monday Mar. 02, 2015
Monday, 02 March 2015
Image
Saturday Feb. 28, 2015
Friday, 27 February 2015
Notices March 2
Sunday, 01 March 2015
Book Launch Julio R. Romney invites the general public to the release of his book: “St. Maarten:... Read more...
Notices February 28
Friday, 27 February 2015
Target Practice Commander of the Voluntary Corps of Sint Maarten (VKS) will be having a target... Read more...