by Jerome a Paris
Tue Feb 19th, 2008 at 07:45:02 AM EST
German regulator warns of Europe power shortages
Coal-to-power projects were being cancelled because operators feared tougher emissions rules or because citizens did not want polluting plants in their neighbourhood, while rising prices of materials and labour added to delays, he said.
"The EU needs an overall strategy to deal with blocked decision-making, protests and the CO2 question," he said at a conference during the E-World trade fair.
"The investment jam will be poison for competition...how can we bring prices down if a tightness scenario is developing," he said, alluding to CO2 avoidance costs and high energy prices.
Damn those citizens that selfishly refuse to tolerate pollution and force everybody else to bear the cost of that avoidance in the form of higher energy prices!
And damn these pesky regulations that prevent companies from safely releasing their carbon in the atmosphere and force them to spend inconsiderate sums to capture (and some would say oppress) their gases!
And damn those markets that won't answer to market signals by reducing demand in the face of constrained supply; or rather - damn these idealists that think that prices going up are a market signal instead of a sign of inefficiency that requires intervention!