Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-02-Speech-2-256"
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"en.20030902.10.2-256"2
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".
The Commission's Directorate-General for Development, and I myself, are aware of the Clean Development Mechanism and the opportunities it offers.
For developing countries, the CDM should be a good vehicle for the transfer of clean and modern technologies, which will contribute to their development efforts. However, the CDM is not a substitute for funding in the framework of development cooperation.
Firstly, the CDM is primarily a private sector or business sector instrument and public funding would be used only for enabling and capacity-building purposes or similar catalytic actions. Secondly, even though the certified emission reductions that will be generated by a CDM project will have an additional value, that value may not be 'reportable' as official development assistance according to the reporting rules of the Development Assistance Committee of the OECD.
The Commission is supportive of the opportunities that CDM may bring in terms of technology transfer, but is aware that not all developing countries will be equally interesting to the business sector in terms of investments.
The Commission has proposed an EU strategy and action plan for climate change in the context of development cooperation, in which support would be given to partner countries for CDM project preparation activities, including capacity-building. The communication on climate change in the context of development cooperation also explores the possibility of funding CDM projects in the category of least-developed countries.
As regards guiding Member States towards a common approach on CDM, we hope that the discussions in Council on the Commission’s communication will lead to agreement on an EU action plan, including actions related to CDM activities. I invite the European Parliament also to give its opinion on the communication.
Assistance for the CDM activities included in the action plan may be funded from geographical budget lines on request from countries, and from the research budget. Assistance can also be provided from the budget line 'Environment in developing countries and tropical forests', for which CDM activities will be one of the priorities."@en1
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