Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-09-05-Speech-2-216"
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"en.20060905.24.2-216"2
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".
Mr President, ladies and gentlemen, the Council shares the Commission’s view that the emissions trading scheme in the European Union is one of the cornerstones of the EU’s policy on climate. It is this very instrument that has helped the European Union to be able to demonstrate its leadership in the response to the challenge of climate change. Coal prices will be a fundamental element in our efforts to stimulate the development and adoption of environmentally friendly technology.
As with all new schemes, emissions trading has also experienced growing pains in its initial stages. That is why we need to evaluate carefully how the scheme might be improved further, so that it can fulfil its aim of reducing greenhouse gases cost-effectively. The Commission’s forthcoming evaluation report will make this possible.
A huge project is now underway to draft other national allocation plans. Member States are drawing them up, and it will be the Commission’s job to evaluate them. This is clearly stated in the Emissions Trading Directive adopted by the Council and the European Parliament three years ago.
In the spring this year we gained a lot of valuable experience from the reports on emissions data for 2005. Now we have to consider how we can improve the scheme’s transparency on the basis of that experience. If the scheme is a transparent one, we are in a better position to ensure that market data is available to all players in a coherent and coordinated form at the same time.
In parallel with the process relating to the allocation plans, the Finnish Presidency will be launching a review of the Emissions Trading Directive. It is of particular importance that the scheme can help give a clear signal to operators that low-carbon, environmentally friendly technology is a worthwhile investment."@en1
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