Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-01-12-Speech-1-141"

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"en.20040112.9.1-141"2
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"Mr President, my colleague Mrs Breyer likes to compare this loan facility we are speaking of to state support for one form of energy production which creates market distortions. Sometimes it seems that the meaning of the word ‘loan’ was forgotten whilst the analysis was being conducted. The other theme has been the market distortions that result from systems of financial support. How much are renewable energy sources being subsidised? Are we actually talking about loans, where every cent is paid back with interest? There has been talk of the existence of other kinds of facilities. The Euratom loan scheme has served us Western Europeans for very many years. In recent years the benefits have been channelled mainly in the direction of the candidate countries. It is true that in the 1970s and 1980s nuclear power plants were built in Western Europe with the help of these loans. Loans for building new capacity, however, have not been used for a long time. The best example of this is funding for a new unit to be constructed in a certain country in northern Europe. Private investors were interested in building new nuclear power facilities so that a 1 600 megawatt unit would have had funding for the construction of a facility with 2 500 megawatt capacity. This is indisputable proof, if ever there was any, that Euratom loans are not needed to finance new capacity. There is nothing wrong with nuclear power plants in the candidate and other Eastern European countries receiving funding in this way to improve the safety of installations. It is interesting to hear Mrs Breyer encourage the Group of the Greens/European Free Alliance to adopt a campaign against nuclear safety. I am in favour of the Euratom loan scheme continuing. It is important for improving standards of safety in nuclear installations in third countries."@en1

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