“EU fracking costs outweigh benefits,” says study

The financial and environmental costs of shale extraction in Europe outweigh any benefits from a decade of energy supply, according to a study from New Energy Watch.
The study, which particularly focuses on Germany as it consider its fracking regulations, claims that the environmental impacts are “in no way proportionate” to the resources available to be extracted through hydraulic fracturing.
Werner Zittel, the author of the study, said that when debating European fracking it makes no sense to compare the situation with the US. He argues that because the areas in Germany and Europe in general are more densely populated, with residents in closer proximity to drilling sites.
Hans-Josef Fell, president of the Energy Watch Group said that “unlike in the United States, which is the only country conducting fracking at a commercially relevant scale, the method cannot achieve a sufficient result from extraction in Europe”.
Fell suggests that Germany lacks the infrastructure to properly exploit its shale reserves and that the costs to support the industry would be too great for an energy source that he believes will only be viable for ten years.
He also expresses concern that fracking poses too great of an environmental risk to be seriously considered: “it is completely incomprehensible that government policy in support of fracking predominates from Brussels to London and all the way to Berlin, at the burden of environmental protection and against the will of the population affected.”
Hubertus Zdebel, a member of the Bundestag says “the only ones who will profit short-term from growth in this kind of natural gas are big energy companies… instead of continuing to intensify gas extraction, we need sustainable solutions for our energy needs.”