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Cefic: Europe needs competitive energy and an affordable climate policy

8:43 AM MST | February 20, 2014 | Michael Ravenscroft

Cefic has called for competitive energy and an affordable climate policy, on the eve of a European Council meeting on competitiveness. Gas and electricity costs in the United States are one third and half, respectively, of those in the European Union, according to Cefic. "If the EU wants to raise industry's contribution to EU GDP to as much as 20% by 2020, industry should not be saddled with additional policy costs," Cefic says. "The commissions greenhouse gas (GHG) emission reduction proposals would mean a 70% reduction from 1990 levels for...

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