Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-20-Speech-2-209"
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"en.20040420.7.2-209"2
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".
‘Joint Implementation’ (JI) and the ‘Clean Development Mechanism’ (CDM), together with international emissions trading, are innovative instruments provided for under the Kyoto Protocol. The ‘flexible mechanisms provided for under the Kyoto Protocol’ allow the Parties partially to meet their Kyoto objectives, whilst taking advantage of the opportunity to reduce greenhouse gas emissions in other countries at a lower cost than in their own territories.
These projects must provide real, measurable and long-term benefits related to the mitigation of climate change, whilst at the same time contributing to the sustainable development objectives of the host countries, in particular by transferring environmentally safe and sound technologies.
On 18 March 2003, the Council adopted a common position on a Directive establishing a scheme for greenhouse gas emission allowance trading. By stimulating demand for CDM credits, this proposal will enable us also to assist developing countries implementing CDM projects in meeting their objectives for sustainable development. This would also help to combat climate change through the effective implementation of the Kyoto Protocol.
I therefore voted in favour."@en1
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