Read this article in:
26 June, 2006
ICEM affiliate in Germany, IGBCE, has taken deep exception to a report published by a research institute that all energy supplies be left to market forces.
The RWI, an economic research think tank supported by the Ministry of Economic Affairs for the state of North Rhine/Westphalia, proposes that all state subsidies for coal and other energy sources be removed.
“Those who claim that energy supplies are not the state’s responsibility and should be left to markets, have lost all sense of reality,” said IGBCE President Hubertus Schmoldt. He added that the risks associated with an energy crisis is the concern of the entire Germany economy, stating that it is easy for those “in an ivory tower that is 80% funded by public monies” to preach such free market ideas.
The IGBCE believes German policy for safe and secure energy supply cannot be left alone to markets.