Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-01-Speech-2-299"
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"en.20030701.10.2-299"2
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".
Mr President, firstly, I am totally convinced that the issue of climate change will follow not only us but generations to come, and it will become more and more difficult and we will have to be more and more ambitious in order to meet this enormous challenge to human life on this planet. This issue will not go away and we will have to deal with it and find solutions.
I am also convinced that we will need all the different tools we can find: legislation, as well as voluntary agreements and market-based instruments, like this one. That is also why it is important that we take the initiative and try this out. We have studied carefully the experience already gained with sulphur trading in the US and we have conducted studies. We have also prepared in a prudent way the start of an emissions trading system in Europe.
I shall just comment on two things that were mentioned. Firstly, the treatment of allowances. Allowances will be a tradable commodity, just like many other tradable commodities, and it is not different just because it stems from an environmental policy. It will be subject to existing taxation legislation in the Union – not different from any other area.
On transport, we wanted to start with large, fixed-point installations, whose emissions can be feasibly monitored. The transport sector consists of many small diffuse sources that we thought would be difficult to monitor, administer and control. This has been important in designing this proposal, but we accept that transport also has to be subject of action when it comes to reducing the greenhouse gas emissions. We are happy to look at how this area can also be covered. This is now part of this compromise package. Under the text of the directive, the Commission is committed to researching how the transport sector could be brought into the scheme. We will also come back on other issues, as you know, which are in the pipeline to link them to joint implementation and the other flexible mechanisms as well. We will also come back on these issues."@en1
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