Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-10-Speech-4-026"
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"en.20021010.1.4-026"2
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"Mr President, the proposal for a directive intended to establish a system of greenhouse gas emission allowance trading represents an anticipated application and a gradual learning stage within the Community for the definitive system which should enter into force after 2008, according to the terms of the Kyoto Protocol.
The Kyoto principle is simple. It is a question of making those emitting greenhouse gases pay the cost of the invisible and unmeasured damage they cause to the environment, and therefore to all of us. Since this damage to a public asset is not spontaneously reflected in prices, the idea is to create a single market in rights to pollute which will be defined, quantified and sold by the public authorities. They will gradually be reduced in order, therefore, to reduce pollution.
My first comment is that this system is ingenious. It provides a happy marriage between the role of public authorities and market procedures and we should wish it well.
Secondly, the European Community and its Member States should be congratulated on actively supporting it and voluntarily implementing, during the period 2005-2007, an experimental formula that will allow us to break the system in, to put us in a better position to fulfil our emission reduction commitments after 2008 and, we hope, to play a pioneering role in relation to other continents.
The learning formula is based on the free allocation of emissions allowances to five thousand large companies in sensitive sectors. The allowances will be exchangeable at Community level, thereby allowing operators who have carried out emissions savings to profit from their residual allowances by selling them by mutual agreement to operators who need them.
We can approve these provisions while stressing that the free allocation of allowances may not continue beyond 2008, since, following the learning period, the objective must be to make companies pay in full, and not marginally at the point of transfers, for the hidden cost of these emissions that everybody has to pay for.
As for our reservations, we would stress that the proposed system only applies during the first phase to carbon dioxide, but that it is desirable, in order to prevent distortions, to now begin to consider the means to extend it to all greenhouse gases as soon as possible.
Furthermore, the initial allocation of emissions allowances, which will first of all be based on national plans, should be harmonised as from 2008 in accordance with a comitology procedure the nature and criteria of which we have very little knowledge of, and all of this seems to us much too vague and more detail is required. Nevertheless, in general terms, we believe the system is a good one and we will support the Moreira Da Silva report."@en1
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