by Jerome a Paris
Fri Jun 29th, 2007 at 04:14:20 AM EST
A first press report further to the energy conference I went to in Brussels earlier this week:
The liberalisation of energy markets was a central theme in the discussions [at an annual Energy Europe conference organised by the Brussels think-tank Friends of Europe]. (Euractiv.com)
Arguing against liberalisation, blogger and investment banker Jerome Guillet said that the resulting prohibition of state guarantees for investments will encourage investment in cheaper carbon-intensive technologies, such as coal or gas-fired power plants, and will discourage investments in more (initially) expensive renewables infrastructure.
Dominique Ristori of the Commission's DG Energy and Transport refuted the claim, saying that in the current context of volatile prices for energy products, it cannot be assumed that certain energy sources will always remain cheaper. Ristori added that even if member states were permitted to support renewables infrastructure, there is simply not enough money in public coffers to support the massive investments needed in energy infrastructure in the coming decades.
I said "cheaper to finance", not "cheaper" (which makes Ristori's reply, which is correctly transcribed, mostly irrelevant to my actual point) but hopefully the arguments are slowly getting out there.
Bumped by whataboutbob