Industrial Europe dares Environmental Europe over climate

Industrial Europe has challenged Environmental Europe over the price of reengineering energy use in deference to climate. The International Federation of Industrial Energy Consumers (IFIEC) Europe on Feb. 27 published a manifesto calling for moderation of the European rush to displace fossil energy with renewable alternatives. Electricity costs in Europe are two to three times higher than those in the US, according to the manifesto, signed by 137 chief executives of major manufacturing companies. Since 2000, European electricity costs for industry have increased by 70%. “Regulatory costs (subsidies for renewables, taxes, grid costs, etc.) are the main reasons for this widening gap,” the m...

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