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Experts warn energy crisis could lead to Europe’s ‘permanent deindustrialisation’

Heavy industry experts have warned the European Commission that the EU risks “permanent deindustrialisation” if Brussels does not act now to save the sector.

Senior players in heavy industry sectors have warned that the European Union is now at risk of “permanent deindustrialisation” unless steps are taken to ease the pressure on businesses from the ongoing energy crisis.

The warning comes after a UK survey found that up to six out of ten factories currently operating in the country may have to close due to rising costs, with many seeing their electricity bills increase by 100% or more.

In a letter published by the non-ferrous metals group Eurometaux, industry leaders warned that EU heavy industry is also at serious risk.

“We are deeply concerned that the coming winter may deal a decisive blow to many of our operations, and we urge EU leaders and member states to take immediate action to protect their strategic energy-intensive industries and prevent permanent job loss.” said in the statement. A document sent to Ursula von der Leyen, President of the European Commission, Roberta Metsola, President of the European Parliament, and Charles Michel, President of the European Council.

“Manufacturers face ten times higher electricity and gas costs than last year, which is more than the selling price of their products,” he continued. “We know from experience that the situation often becomes permanent after the plant is shut down because reopening involves great uncertainty and cost.”

“We are deeply concerned that Europe will face a critical situation in the foreseeable future, with a perfect storm of very high electricity prices, lack of liquidity in the energy market due to unreliable gas supplies, and the phasing out of nuclear and coal supplies. . insufficient to meet the needs of the market,” the document eventually warned of the “permanent deindustrialisation” of the EU.

The letter urges European Union policymakers to take immediate action to help mitigate the crisis, while industry experts highlight the removal of various taxes on the green program and tariffs to make energy cheaper.

Eurometaux specifically urged lawmakers to “address the overpricing of fossil fuel power plants” and efforts to lower the price of excess carbon emissions, which are costing so much, thanks to environmental taxes and block rules.

While these demands may seem remarkable – newly minted British Prime Minister Liz Truss announced on Thursday that several environmental regulations have been relaxed in hopes of curbing Britain’s energy crisis – the European Union’s strong commitment to climate ideology could prevent such measures. taken

For example, in Germany, let’s say authorities have recently been willing to abandon two of the three power plants in cold reserve, despite the ongoing threat to energy security, if necessary, to open them.

However, this alternative to keeping factories online has been described as “not technically feasible” by industry representatives.

Other officials are more inclined to force their people to do more than mundane tasks to avoid disaster, and French President Emmanuel Macron has ordered the public to maintain an energy “silence” befitting an era that himself marked the “end.” “welfare.” Von der Leyen urged people to “flatten the curve” with “forced energy rationing”.

Despite Macron being criticized for riding a jet ski while on vacation earlier this year, we’ll see how far these leaders get rationed in their lives, even though the vehicle is known to be extremely inefficient for the environment. .

Source: Breitbart

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