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Europe’s industries have to remain competitive as they go green, Germany’s RWE chief says

  • A transition to greener industry has become a priority in Europe.
  • The head of one of Germany' largest energy producers has said that there needs to be a "level playing field" so that Europe's industries can compete globally.
  • Germany's Green Party is likely to be part of a coalition government after September's election.

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Electricity pylons and wind turbines stand beside the RWE Niederaussem coal-fired power plant while Steam rises from cooling towers on February 16, 2016 near Bergheim, Germany.Volker Hartmann | Getty Images News | Getty Images

A transition to greener industry has become a priority in Europe but the head of a major German energy producer said there needs to be a "level playing field" so the region's companies can compete globally.

"What we need is a global level playing field," Markus Krebber, chief executive of RWE, the biggest producer of energy in Germany, told CNBC on Monday. "[Otherwise] it will be very difficult to compete with CO2-intensive imports when you are forced, in Europe, to decarbonize your industries."

"It needs to be clear that, whatever politicians come up with [in terms of] a regulatory framework, we need to keep that level playing field otherwise we risk not only losing jobs but also risk losing the acceptance of our societies," he added.

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