Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-12-Speech-1-175"

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"Mr President, Mr Liese has produced an excellent report. Nevertheless, as PPE-DE Group shadow on the Committee on Economic and Monetary Affairs, I support my group’s amendments, which seek what we think is a better balance between wish and reality. In my view, the emissions trading scheme is the most cost-efficient, demand-sensitive and objective market-based instrument available for reaching Europe’s greenhouse gas emissions reduction target of at least 20% by 2020. The aviation sector’s contribution to greenhouse gas emissions is growing fast, and I therefore fully support its inclusion in the emissions trading scheme. We must have a single start date. I think 2011 is a reasonable compromise between the different dates we have before us. And with this, Europe will lead the way strongly for the rest of the world. The amount of allowances allocated by auctioning should be set at a reasonably high and increasing level, in order to avoid the disadvantages for competition which are associated with grandfathering and benchmarking. Auctioning is much more economically efficient; it encourages new entrants, innovation, and the reduction of emissions through technological and operational improvements. The revenues generated from the auctioning of allowances should be reinvested in R&D in the aviation industry. There is much potential for technological innovation, to reduce the sector’s CO emissions. Furthermore, the single European sky, which the Commission mentioned, when fully implemented will reduce CO emissions by up to 12%, and this should be put into operation with urgency. In our amendments we have highlighted the importance of giving special consideration to remote and isolated regions. Now we can only hope that the Council will respond positively to Parliament’s insistent wake-up call."@en1
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