EU, Japan to Lose Third of High-Energy Goods Share, IEA Says
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Japan and the European Union may lose a third of their combined export market share of energy-intensive goods partly because of their high natural gas, coal and electricity costs, the International Energy Agency said.
The U.S., whose factory power costs are less than half those in the EU and Japan, may get a “slight increase” in the share of exports from industries including chemicals, aluminum and cement, according to the IEA’s World Energy Outlook 2013. That’s the “clearest indication” of the link between low energy prices and the outlook for industry, the IEA said.