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The High Cost of Doing Good

From the Open Europe news site of the European Union today:

EU light bulb ban further increases cost of energy-saving lamps by 20-25%

Manufacturers have signalled that they intend to raise the price on energy-saving lamps in Germany by 20-25%, following today's EU ban on 60-watt light bulbs. The manufacturers say that increases in the costs of raw materials from China are to blame for the rise. Osram CEO Martin Goetzler told FTD the price increases of 20-25% will apply from today. Philips also intends to raise prices of energy-saving lamps by 20-25% in Germany over the coming months, a company spokesperson told (Die) Welt.

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