Killing Jobs to Save the Climate

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Killing Jobs to Save the Climate

**The price of European emission permits is rising so rapidly that German companies are threatening to leave the country. Thousands of jobs could be lost. And the environment may, in the end, be no better off.

**They sat silently through two lectures, but then they couldn’t control their anger any longer. The civil servants from the Environment Ministry, the Environment Agency and the German Emissions Trading Authority made it sound easy for industry to take up carbon trading. It was just too much for the managers to tolerate.

“If that’s the shape the trading will take, we will simply move our cement operation to Ukraine,” a cement factory manager shouted into the lecture hall. “Then there won’t be any trading here, nothing will be produced here anymore – the lights will simply go out here.”

The businessmen’s anger surprised the emissions-allowance trading experts. They had invited industry representatives to a relaxed forum at the Environment Ministry’s office in Bonn. They wanted to present international developments in the carbon trading market. However, the mood in the German business world has soured – managers no longer have the stomach for academic lectures. The reason is that emissions allowances are already burdening some companies that require a lot of energy for production purposes.

Hey, guys, no carbon trading here! We’ be glad to have your factories – just ask Volkswagen.

The writer actually sounds surprised that businessmen are tired of being lectured by Greens who produce nothing and hobble those who do.

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