Kyodo News InternationalMay 18, 2013
The European Union, which has spearheaded efforts to curb global warming, is set to adopt a change of focus in response to concerns over costs and the impact on companies in economically depressed Europe. Under the change, the European Union will prioritize the supply of energy at affordable prices over cutting greenhouse gas emissions which impose burdens on industries, in a turnaround of the region's energy policy, an EU official said Saturday.
EU leaders will decide on the shift in energy policy at a meeting Wednesday. The change reflects requests from businesses in the 27-member zone amid the prolonged economic slump triggered by the eurozone sovereign debt crisis, the official said.
A draft conclusion of the EU leaders' meeting obtained by Kyodo News said, "Against the backdrop of high pressure on Europe's competitiveness and increasing energy demand from major economies, the EU's energy policy must ensure the uninterrupted supply of households and companies at affordable and competitive prices."
The draft said investments in new and intelligent energy infrastructure are "vital for jobs and growth and will help enhance competitiveness." The regional body calls for "a predictable climate and energy framework post-2020," according to the paper....To Read More....
My Take – Not only was this predictable it was inevitable. The snarky EU elites have finally come face to face with the Inevitability Factor. That’s when reality reaches its zenith and can no longer be ignored by snarky cleverness, media claptrap and political maneuvering.
There was a football coach in the U.S. who wasn’t popular with the press and he didn’t care. When asked why he commented; “If I’m winning I don’t need the press. If I’m losing they can’t help me.” Well….their arrogance and the media will no longer help them because the cost of electricity is the beginning of wisdom.
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