Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-01-Speech-2-298"
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"en.20030701.10.2-298"2
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"Mr President, it is hard to imagine any other report that would have so great an impact on the state of things in Europe and about which the decision-makers know so little.
Europe is now moving into unfamiliar territory. Even theoretical research on the effects of emissions trading exists in name only. When two or three years ago we had the Commission proposal before us, it started to become clear how enormous the gaps were in the proposal upon which we had been building a European strategy for the economy, competition and the environment. There was no appraisal made of the impact of enlargement, no guidance given about how emission allowances could be accounted for in companies’ books, no information regarding value added tax, not even a strategy in case of serious market problems or speculative attacks, no precise data on emissions in Member States, let alone emissions in companies, and no proposal regarding rights of appeal. It is regrettable that we had such an incomplete proposal on such a major issue. Much has been done to put things right, but whether or not we succeeded remains to be seen.
The ‘trendline cap’ problem in Trilog was solved with a formulation proposed by the Commission that allows Member States to approach the Kyoto targets along their own paths. In being allowed room to move, Member States are also being encouraged to embrace a transport policy that is more responsible in terms of the Kyoto Agreement. That of course is our real problem.
Trilog’s solution for project-based mechanisms should also be supported. There is no sense in setting more stringent criteria than was agreed at Marrakech. We need, rather, to establish EU rules concerning how converting the emission allowance credits earned from project-based mechanisms into marketable emission allowances can take place without the climate change imperative being compromised. The emission allowance credits earned from the project-based mechanisms will also have an interesting impact on development cooperation. I believe Member States will become much more interested in development cooperation, because they will see the chance to earn emission allowance credits with projects.
Combined heat and power production and process emissions posed a special problem in connection with emissions trading. If the causal chain associated with the nature of CHP is not taken into account, there will not be any reductions in emissions either. Now Trilog is discovering and acknowledging the special nature of CHP. Member States can take the potential for a reduction in process emissions into account, which in practice means that the best European steel factories can earn their full emission allowance quotas and they will not have to bear additional costs in a world steel market that has been fiercely competitive. That means the risk of carbon leaks will diminish and there really will be an increased chance of preventing climate change."@en1
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