Rhein on Energy and Climate

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One would have thought that with its decade-long emphasis on clean energy, illustrated by the EU 2020 objective of generating 20 percent of its energy and 30 per cent of its electricity from renewable sources, the EU would also have a competitive renewable industry. But after a hopeful start this has turned out to be… » read more

Posted by Eberhard Rhein

On October 25, the 27 EU Environment ministers have adopted their “negotiation directives” for the forthcoming Doha Climate Conference. Their seven – page cryptic conclusions, drafted in UN style, constitute a mixture of incantations and empty phraseology that no normal citizen will be prepared to even look at. Ministers felt it necessary to stress their… » read more

Posted by Eberhard Rhein

EU political leaders love to create new financial instruments. The latest example of this inclination is the proposal by European Council President Van Rompuy to endow the euro-area with a “fiscal capacity”, meant to help its members soften “asymmetrical shocks” or offer them incentives to tackle painful socio-economic reforms like phasing out wage indexation, making… » read more

Posted by Eberhard Rhein

For its energy supply, Humanity depends presently more on the Gulf countries than on any other part of the earth: one third of global oil and one fifth of gas reserves lie there; and production costs are lower than anywhere else. This situation will not be sustainable: The Gulf countries have to envisage a progressive… » read more

Posted by Eberhard Rhein

The year 2012 is likely to constitute a turn-around for the European automotive market: producers will have to confront a 7 percent fall in sales. This decline is a continuation of the gentle downward trend that has started in 2009. Aggravated by the economic crisis that has gripped Europe, it is likely to become a… » read more

Posted by Eberhard Rhein