European Union energy costs the American double
The difference between the cost of energy in the European Union (EU) and its major trading partners is increasing more and more. The conclusion is a report which will be published by the European Commission this week and which indicates that the cost of electricity in the Community zone exceed double the prices charged in the United States and exceed 20% in the prices recorded in China.Industrial gas prices are between three to four times higher than the prices Americans and Russians, being still of 12% higher than those of China, points to the report of the Committee to which the Financial Times had access."Although Europe has never been a place of cheap energy prices, in recent years the difference in costs between the EU and the main economic partners has increased," the report reads. The document, which is expected to be released this week, is part of the energy and climate package that will shape energy use in Europe until 2030.The new package of measures have promoted the debate a bit by all Member States on the possibility of the energy and climate policies, which apply until 2020, they affect the competitiveness of the European bloc.As for the factors that are promoting this deepening of the price differences between the EU and the United States, the document is not very specific, indicating only that the differences have increased due to several reasons, including domestic subsidies of some producer countries and the increase of shale gas exploration in American territory.Another of the conclusions set out in Brussels report is the possible stabilization of energy prices after 2020, followed by a slight decline as renewables are replacing fossil fuels.The Financial Times indicates that the Commission is to announce later this week the targets for reducing emissions of greenhouse gases by 2030, as well as introduce regulation for exploration of gas and oil from shale.Foto:  EdinburghGreens / Creative Commons
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